ECB’s Schnabel: We think that inflation peak has been reached in November

Commenting on the inflation outlook, the European Central Bank (ECB) executive board member Isabel Schnabel said on Monday, “we think that inflation peak has been reached in November.”

Additional comments

Expect inflation to decline gradually in the coming year.

There are no signs that inflation is getting out of control.

Inflation won't continue at the same pace as in the past few months.

Inflation will trend back towards 2% next year.

It would be premature to tighten monetary policy now.