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[EU] ECB Cornered: Inflation Re-Accelerates to 3.0% as Q1 Growth Stalls at 0.1%, Closing Every Policy Exit
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[EU] ECB Cornered: Inflation Re-Accelerates to 3.0% as Q1 Growth Stalls at 0.1%, Closing Every Policy Exit

Macro Soup Newsroom Macro Soup Newsroom 3 min read

Eurozone HICP surged to 3.0% YoY in April from 2.6%, while Q1 GDP grew just 0.1% QoQ, leaving the ECB holding at 2.0% with real rates at -1.0% and no clear path to cut or hike.

Eurozone GDP and inflation trends chart
Eurozone Q1 2026 GDP growth at 0.1% q/q alongside April HICP flash inflation at 3.0% y/y. Source

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