ECB’s Stournaras: Eurozone inflation is close to its peak

“Eurozone inflation is close to its peak,” European Central Bank (ECB) Governing Council member Yannis Stournaras said on Tuesday.

Additional takeaways

“Inflation will start steady deceleration.”

“See energy costs moderating, bottlenecks easing.”

“Fragmentation risks must be forcefully confronted.”

“Further progressive rate normalization appropriate.”

Market reaction

The shared currency shrugs off the above comments, with EUR/USD adding 0.19% on the day at 0.9945, as of writing.