ECB's Centeno expects inflation under 3% by the end of 2023

<p>Bank of Portugal Governor and member of the European Central Bank Governing Council Mario Centeno spoke over the weekend, at the same event as Banque de France head Villeroy:</p><ul><li><a href="https://www.forexlive.com/centralbank/ecbs-villeroy-expects-the-banks-interest-rates-to-peak-soon-and-plateau-for-a-long-time-20230709/" target="_blank" rel="follow" data-article-link="true">ECB's Villeroy expects the Bank's interest rates to peak soon, and plateau for a long time</a></li></ul><p>Centeno is expecting a relatively rapid low down for the rate of inflation:</p><ul><li> "Inflation is coming down faster than the way up"</li><li>"We need to fuel this process and be very confident we can make it"</li><li>Said that the EZ labour market is the "strongest" it's ever been</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.