{"id":238618,"date":"2026-02-03T12:34:22","date_gmt":"2026-02-03T17:34:22","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=238618"},"modified":"2026-02-03T16:33:08","modified_gmt":"2026-02-03T21:33:08","slug":"eu-cpi-to-undershoot-ecbs-2-target-tomorrow","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/forecast-trader\/eu-cpi-to-undershoot-ecbs-2-target-tomorrow\/","title":{"rendered":"EU CPI to Undershoot ECB\u2019s 2% Target Tomorrow: Feb. 3, 2026"},"content":{"rendered":"\n<p>Tomorrow\u2019s Eurozone Consumer Price Index is expected to come in at 1.7%, significantly undershooting the European Central Bank\u2019s 2% target by a substantial margin and potentially opening up the door to a resumption in the institution\u2019s cutting cycle, which many thought may have been over. But the range of possible outcomes for this specific report is particularly wide, as the monthly Reuters poll of 45 forecasters is characterized by a minimum of 1.5% and a maximum of 2.1%. Still, this indicator rarely misses the median by more than 0.1% and is likely to land between 1.6% and 1.8% in light of its historical tendencies. Against this backdrop, the \u201cNos\u201d at <a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/#\/market-details?id=782575029%7C20260204%7C2%7CJanuary%202026\">2%<\/a> and <a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/#\/market-details?id=782575029%7C20260204%7C2.2%7CJanuary%202026\">2.2%<\/a> are quite undervalued, in my opinion, at $0.72 and $0.95, offering investors a broad path to capital gains on a number under 2.1%.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"159\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/02\/image-3-1100x159.png\" alt=\"Eurozone CPI ForecastTrader contract\" class=\"wp-image-238620 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/02\/image-3-1100x159.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/02\/image-3-700x101.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/02\/image-3-300x43.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/02\/image-3-768x111.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/02\/image-3.png 1145w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/159;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"548\" height=\"573\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/02\/image-2.png\" alt=\"Pricing of Eurozone CPI ForecastTrader contract\" class=\"wp-image-238619 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/02\/image-2.png 548w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/02\/image-2-300x314.png 300w\" data-sizes=\"(max-width: 548px) 100vw, 548px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 548px; aspect-ratio: 548\/573;\" \/><\/figure>\n\n\n\n<p><em>Source for images: ForecastEx<\/em><\/p>\n\n\n\n<p><em>Note: Prices are highest bids as of the morning of Feb. 3, 2026.<\/em>&nbsp;<em>Red circle around the thresholds was inserted by J. Torres to highlight \u201cNo\u201d answers throughout different levels.<\/em><\/p>\n\n\n\n<p><em>To learn more about ForecastEx, view our Traders\u2019 Academy video&nbsp;<\/em><a href=\"https:\/\/www.youtube.com\/watch?v=ceR-weGZSXc\" target=\"_blank\" rel=\"noreferrer noopener\"><em><strong>here<\/strong><\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tomorrow\u2019s Eurozone Consumer Price Index is expected to come in at 1.7%, significantly undershooting the European Central Bank\u2019s 2% target by a substantial margin and potentially opening up the door to a resumption in the institution\u2019s cutting cycle, which many thought may have been over.<\/p>\n","protected":false},"author":903,"featured_media":209828,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18929,18,6,8,9,26,3],"tags":[18048],"contributors-categories":[13760],"class_list":{"0":"post-238618","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forecast-trader","8":"category-macro","9":"category-north-america","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"tag-eurozone-cpi","15":"contributors-categories-ibkr-macroeconomics"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EU CPI to Undershoot 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