The European Central Bank's committee denies the claim that inflation has stabilized below 2%.

Jin10 data reported on November 5, the European Central Bank's Nagel denied the claim that inflation in the eurozone has dipped slightly below the 2% target. Nagel stated, “I know there is currently a discussion suggesting that inflation may be below target, but from what I see, we are still quite close to the target in the medium term.” The European Central Bank currently predicts that consumer prices will rise by 1.7% next year and by 1.9% in 2027. The European Central Bank will update its forecasts in December, and some officials and analysts expect that the 2028 forecast may show that inflation has not reached the 2% target. Nagel mentioned that the last meeting of the year will clarify the situation further, meaning that although analysts and the market generally do not expect further rate cuts at that time, the outcome remains uncertain. He added, “We maintain flexibility in all policy options.”