Technical Analysis

ICYMI – ECB’s Centeno said inflation is peaking, will decline quickly in 2023

European Central Bank board member and Bank of Portugal Governor Mario Centeno spoke in an interview with Portuguese media

Jornal De Negócios

In brief, his main points:

  • “All data point to inflation reaching its peak in the euro area in the fourth quarter of 2022
  • “in the ECB’s forecasts and in ours too [BdP], we have a very rapid reduction in inflation throughout 2023. It comes from values ​​​​close to 10% in the fourth quarter of 2022 to values ​​​​around 3% in December next year”.

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