ECB's Kazimir: Eurozone inflation should peak in nearest months, then decline

Eren Sengezer FXStreet

European Central Bank (ECB) policymaker and Slovak central bank Governor Peter Kazimir said on Thursday that inflation in the eurozone is expected to peak in the "nearest months" before starting to decline, as reported by Reuters.

"We see signs of stabilisation in global supply markets," Kazimir further added.

Market reaction

The shared currency is having a difficult time finding demand following these comments. As of writing, the EUR/USD pair was trading at 1.1191, where it was losing more than 0.4% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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