With inflation a hot topic worldwide, the German Economy Ministry said in its latest statement on Friday, they are not expecting a sustained increase in inflation.
Additional quotes
“No signs of a wage-price spiral that could lead to permanently high inflation.”
“Sees positive underlying momentum of overall economy persisting.”
“Sees two-speed economy with services sector benefiting from easing of restrictions, industry sector to be hit by supply bottlenecks.”
Market reaction
EUR/USD is trading listlessly below 1.1750, awaiting fresh trading impetus from the US Consumer Sentiment data.
