Updated

Updated · Crypto Briefing · Aug 24

ECB's Cipollone Dismisses Stagflation Fears as Euro Area Inflation Seen at 3.0% in 2026

Updated

Updated · Crypto Briefing · Aug 24

ECB's Cipollone Dismisses Stagflation Fears as Euro Area Inflation Seen at 3.0% in 2026

2 articles · Updated · Crypto Briefing · Aug 24

Piero Cipollone said the euro area shows no current signs of stagflation, even with inflation still elevated, reinforcing the ECB’s view that the outlook remains stable.
ECB projections put headline inflation at 3.0% in 2026 and 2.3% in 2027, supporting the case that price pressures should ease gradually rather than alongside a growth slump.
Recent ECB rate hikes remain the backdrop for that message, and markets read Cipollone’s comments as favoring steady policy rather than near-term easing.
Fed-linked pricing shifted little: the probability of a July-to-October “Pause–Cut–Pause” path stayed around 1%, while investors look to upcoming U.S. inflation, jobs data and the September FOMC meeting.

Sources

Could persistent global supply shocks secretly derail the ECB's delayed 2028 inflation target despite their confident stance against stagflation?

With the ECB signaling a prolonged pause, will the Federal Reserve be forced to follow suit despite unique US inflation drivers?

Is the planned 2027 digital euro pilot truly about consumer convenience, or a geopolitical maneuver to escape foreign payment monopolies?

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