French FinMin Le Maire: Current inflation is temporary

French Finance Minister Bruno Le Maire reiterated on Wednesday, inflation is transitory

However, he added that “we need to remain vigilant on this.”

Additional quotes

“Need to protect French people from inflationary pressures.”

“Need to increase wages in certain sectors that are facing difficulties in finding staff.”

Market reaction

EUR/USD has recovered the Asian decline to fresh 16-month lows of 1.1264, currently trading at 1.1317, modestly flat on the day.