ECB Executive Board member Isabel Schnabel said “November will prove to be the peak” of inflation. She added, “We predict inflation will fall back below 2%” target.

“I can very well understand that many people have worries,” she told Germany’s ZDF national television broadcaster in a live interview. “We must understand that this has to do with an extraordinary economic situation”, repeating the factors including base effects and rise in energy costs and raw materials prices.

source_https://www.actionforex.com/