ECB Executive Board member Isabel Schnabel said “November will prove to be the peak” of inflation. She added, “We predict inflation will fall back below 2%” target.
“I can very well understand that many people have worries,” she told Germany’s ZDF national television broadcaster in a live interview. “We must understand that this has to do with an extraordinary economic situation”, repeating the factors including base effects and rise in energy costs and raw materials prices.
