ECB Raises Inflation Forecasts for Next Two Years, Sees 2.1% in 2028

An upward revision to the ECB's medium-term inflation path matters because it shapes how long restrictive policy stays in place, which in turn sets the cost of euro-denominated leverage that crypto and tokenized-asset desks rely on. The signal is less about any single print than about the ECB's own confidence in disinflation running out of steam. Whether that revision reflects energy base effects or stickier services is the open question, and it is the detail that will decide how the next policy meeting is read.