The rise in eurozone inflation is temporary and prices should slow down next yearIsabel Schnabel, a member of the executive board of the European Central Bank (ECB), said in an interview with German broadcaster ARD early Thursday morning.
Key Comments:
“This means that we will maintain favorable financing conditions to support the economy. “
“There is no reason for an interest rate hike at this time“.
Keep in mind that amid a rebound in commodity prices, the bloc’s inflation is approaching the central bank’s 2% target.
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