One of the members of the Board of Governors of the European Central Bank (ECB), as well as the head of the Central Bank of Malta, Edward Scicluna, made a statement in an interview with CNBC regarding the economic situation in Europe. As the economist noted, the peak of inflation in the eurozone and the EU as a whole is yet to come. He also allowed, that price growth is still negatively affected by the Ukrainian crisis, and their reduction will become possible only after the end of the conflict.
Despite all the challenges, currently faced by EU countries, The official is still of the opinion that, that price growth may slow down. but, as the interlocutor says, the situation is still unclear, and the ECB, in its turn, have to rely on data, from other departments.
U.S. and German statements, that soon there will be peace, are still viewed with some skepticism., true, This word already inspires investors with a certain optimism, the official explains. Earlier, information was leaked to the media space that, that the United States put pressure on Ukraine in order to, for the latter to express its readiness for a diplomatic settlement of the conflict. Ukrainian President Volodymyr Zelensky, in turn, said, that he will sit down at the negotiating table only if Russia complies with five conditions. And most importantly from the conditions – withdrawal of Russian troops from Ukrainian territory (in their understanding by the Kyiv regime).
The acute energy crisis has become a determining factor, causing inflation to beat its historical records in the euro area.
According to recent information, last month, consumer price growth was lower than expected. According to the channel, this, probably, made possible thanks to, that inflation is still slow, but is steadily declining.
In September 2021, the eurozone recorded price increases at the level 3,4%, which was the maximum value for the first time in 13 years. In October 2022 inflation reached its highest level in 10,7%. In a number of EU countries, it has exceeded the mark of 20%. Author:Egorenkov Alexander Photos used:Screenshot from the video
