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Euro area inflation likely near its peak, ECB's De Guindos says

11/24/2022 | 08:18am EST
FILE PHOTO: EU finance and economy ministers hold informal meeting in Berlin

MILAN (Reuters) - Inflation in the euro area will hover around its current level over the next few months before starting to decline at some point during the first half of 2023, European Central Bank Vice President Luis de Guindos said on Thursday.

Speaking at a financial event in Milan, de Guindos said inflation was likely at its peak or anyway close to it.

"For headline (inflation) ... I think that we're there in terms of the peak, perhaps one decimal point up or down, it will be hovering, but I think that in the first half of next year we will see a decline," he said.

(Reporting by Valentina Za; editing by Balazs Koranyi)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.03% 0.63956 Delayed Quote.0.04%
BRITISH POUND / EURO (GBP/EUR) 0.04% 1.1598 Delayed Quote.-2.38%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.12% 0.700687 Delayed Quote.0.69%
INDIAN RUPEE / EURO (INR/EUR) 0.07% 0.011598 Delayed Quote.-1.31%
US DOLLAR / EURO (USD/EUR) 0.17% 0.956901 Delayed Quote.8.32%
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