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macroJun 5, 2026, 2:38 PM

ECB June Forecasts to Include Higher Rate Assumptions, Modest Growth Downgrades – Nomura

Nomura analysts expect the ECB's June macroeconomic projections to incorporate higher market rate assumptions and exclude May HICP data, leading to modest downward revisions to growth forecasts.

EURUSD

Nomura analysts anticipate that the European Central Bank's June macroeconomic projections will incorporate higher market rate assumptions and will not include the May Harmonised Indices of Consumer Prices (HICP). As a result, growth forecasts are expected to face modest downgrades.

The revision reflects the updated market rate path and the exclusion of the latest inflation data, which may influence the ECB's policy outlook. Market participants will watch the updated projections for signs of further policy adjustments.

Source: FXStreet Forex News