ECB’s Centeno: Inflation peak may be reached in the 4th quarter

Dhwani Mehta FXStreet

European Central Bank (ECB) board member and Bank of Portugal Governor Mario Centeno said on Monday that the inflation peak may be reached in the fourth quarter of this year.

Contradicting Centeno, France's Finance Minister Bruno Le Maire said that the “inflation peak is not yet over, will last for some months.”

Market reaction

The Euro is unfazed by these above comments, as EUR/USD is holding steady at around 1.0540, as of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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