Germany’s Habeck: Negative trend in inflation has been broken

Germany’s Economy Minister Robert Habeck said on Thursday that “the negative trend in inflation has been broken.”

Additional comments

“Inflation still higher at the beginning of 2023, further containment then in the course of the year.”

“Then in 2024 inflation will be lower than in 2023, with higher growth.”

Market reaction

EUR/USD is little changed on the above comments, keeping its range around 1.0915, modestly flat on the day.