ECB President: Inflation will stabilize next year and most of the reasons are temporary

European Central Bank President Christine Lagarde said many of the factors that have recently increased inflation in the eurozone are temporary and are expected to fade next year.

And euro zone prices have rebounded faster than expected with the reopening of the economy, following the closures caused by the Corona pandemic, and many European Central Bank policymakers see inflation next year will be close or even higher. to the ECB’s target of 2%.

Lagarde attributed most of the increase to supply disruptions and said inflation will stabilize next year.

“We believe there will be a return to greater stability next year, because many of the reasons for the price hike are temporary,” he said in an interview broadcast on CNBC on Friday.

“When you look at the reason for this, a lot has to do with energy prices,” he added.

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