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We are “probably” close to inflation peak -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Francois Villeroy, de Galhau, Bank of France Governor at Paris’s Bank of France, France, October 22nd, 2021. REUTERS/Sarah Meyssonnier/File Photo

PARIS (Reuters), Francois Villeroy de Galhau (ECB policymaker) said that Friday’s inflation reading was at “probably” its highest in the Euro zone.

“We’re moving closer to our target of 2% inflation for 2023-2024,” he stated.

The ECB raised its inflation projections across the board on Thursday and now sees it at 3.2% next year, well above target, before a drop to 1.8% in both 2023 and 2024. ünL8N2T110U+

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