French FinMin Le Maire: Inflation in 2022 should be around 5%
|French Finance Minister Bruno Le Maire is out on the wires now, via Reuters, making some comments on the inflation outlook, which is the key area of concern for euro area policymakers.
Key quotes
Inflation in 2022 should be around 5%.
We are amid an inflation peak at the moment.
Inflation will continue to rise in the next weeks.
Inflation will ease over 2023.
Confirms 3.5% rise of social welfare payments due to inflation.
I welcome EDF, Engie and TotalEnergies jointly calling for reducing energy consumption in current context.
We are already discussing potential energy cuts to businesses, but we have not yet reached that point.
Market reaction
The shared currency is unfazed by these comments, with EUR/USD keeping mild gains near 1.0560 amid the ongoing US dollar weakness.
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