Market news
11.10.2022, 09:37

Germany expects inflation at 7% in 2023 – Handelsblatt

According to a German business newspaper, Handelsblatt, the country’s federal government expects a significant drop in inflation in 2023.

The government expects inflation at 7% next year, the paper said.

Meanwhile, the daily reported that the German government sees the 2022 inflation rate at 8%.

 Market reaction

EUR/USD is defending gains just above 0.9700 amid a quiet session so far this Tuesday.

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