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Inflation reached its peak in November – ECB's Schnabel

Inflation would trend back towards 2% next year, she told ZDF television on Monday, as supply bottlenecks and energy price growth level off. The current high figures reflected both supply bottlenecks and from a base effect resulting from prices being lower last year at the height of the pandemic.

“Most forecasts actually assume inflation will fall below 2%, so there really are no signs of price rises getting out of control,” she said.

“If we thought inflation would permanently settle above 2%, we would definitely react. However, at the moment, we see no indications of this,” she added.


Source: Economy - investing.com

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