The eurozone is in the "middle of the peak of inflation," which will last "at least" until the end of the year. This was announced by the Minister of the Economy and Finance of France, Bruno Le Maire.

In an interview with Les Echos, Le Maire noted that he expects inflation to remain high until the end of 2023, adding that "even after 2023, inflation will be structurally higher than it has been in recent several decades.”

Inflation in the eurozone hit a record high last month, boosting the yield on government bonds.

Asked about the recent rise in bond yields in southern eurozone countries, Le Maire said he was confident the Greek and Italian governments will make the right decisions in this regard.