In terms of their inflation expectations, consumers react above all to current food prices. Food price increases in Germany have almost come to a standstill, indicating that the eurozone's largest economy remains in a stable disinflationary environment. This should provide the European Central Bank with a line of argument to cut interest rates significantly in the near future. So the credit-hungry fiat world can probably breathe a sigh of relief soon and let the fiat pumps do their job again!