Making some comments on the inflation outlook, European Central Bank (ECB) policymaker Robert Holzmann said that “inflation to peak around the turn of the year and then slowly ease.”
He added that it “will be crucial in 2022 to gradually phase out negative interest rates and unconventional monetary policy.”
Earlier this morning, the central bank policymaker Klaas Knot said, inflation in the eurozone could very stay above the central bank's 2% target for the coming years.
Market reaction
EUR/USD keeps lows near 1.1310 on the above comments. The spot is down 0.30% on the day, trading at 1.1313, at the press time.