Analyst: European Central Bank's inflation expectations for 2027 slightly lower or could be the biggest surprise.

Institutional analysts said that the most interesting change is the adjustment of inflation expectations for 2027: overall inflation rate lowered to 1.9%, core inflation rate dropped to 1.8%. The lower inflation expectations for 2027 may increase pressure on the euro and keep speculations of rate cuts alive. The euro fell by 0.3%, German government bonds erased moderate losses, and expectations in the money market slightly softened before the end of the year, with the current estimate of easing around 7 basis points.