“Eurozone consumers may need to get used to today’s higher prices, even as current inflation is likely to ‘wind away’ in the coming year“said the chief economist of the European Central Bank (ECB), Philip Lanein an interview with Politico published Tuesday.
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“Europe may have to get used to higher prices“.
“Most of this inflation will fade the momentum with which every month you wake up and read that inflation is higher than the previous month, that element, the momentum element, we think it will decrease.
“We believe that inflation will decline later this year and will be much lower next year and the following year compared to this year.
market reaction
The shared currency shrugs off these comments as EUR/USD maintains its range just below 1.1000 amid firmer Treasury yields and an upbeat mood.
Source: Fx Street
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