European Central Bank (ECB) policymaker and Slovak central bank Governor Peter Kazimir said on Thursday that inflation in the eurozone is expected to peak in the "nearest months" before starting to decline, as reported by Reuters.
"We see signs of stabilisation in global supply markets," Kazimir further added.
Market reaction
The shared currency is having a difficult time finding demand following these comments. As of writing, the EUR/USD pair was trading at 1.1191, where it was losing more than 0.4% on a daily basis.
