French Finance Minister Bruno Le Maire reiterated on Wednesday that he expects the peak in inflation to last several more weeks or even several more months before the price pressures begin to ease by early 2023.
"By the start of 2023, we will start to see that inflationary peak ease off," Le Maire told BFM TV.
Le Maire has said he expects France to have positive economic growth for 2022.
EUR reaction
The shared currency shrugs off these comments, as EUR/USD keeps its range around 1.0690, down 0.07% so far.