Eurogroup Head Donohoe: We are united in putting in place a level of response that will reduce inflation

Eurogroup President Paschal Donohoe is speaking at a press conference at the Eurogroup Meetings, in Prague.

Key quotes

Eurozone finance ministers will intervene to support households and business against inflation shock.

We must reduce inflation.

We are united in putting in place a level of response that will reduce inflation.

Response will be coordinated with ECB and avoid adding to inflationary pressure.

Policy interventions should focus on income tranfers that are taregetted and exceptional.

Super levels of profitability should not be experienced by some, while others are suffering the consequences of war.