The European Central Bank (ECB) has adjusted its inflation forecasts downward for both the current and next year in the eurozone, projecting it to hit 2% this year before declining to 1.8% in the subsequent year. In the longer term, inflation is anticipated to settle at the ECB's target rate of 2%. Consequently, the ECB has opted to maintain interest rates at their current levels and does not intend to rush into further reductions.