Meanwhile, Germany’s partners benefited from the monetary stability ensured by the euro and lowered their interest rates very close to German levels.
Ultimately, the impact on energy inflation will depend on how energy supply and demand react to these price signals. The effects of the green transition on fossil fuel prices Let me start by outlining the channels through which the green transition might affect energy commodities. A wide range of interacting channels will determine how the transition risks will affect energy commodity markets (Chart 2).