ECB's Kazimir toes line on temporary inflation surge

FRANKFURT - The current surge in euro zone inflation is temporary because supply disruptions should fade as more people are vaccinated against COVID-19, European Central Bank policymaker Peter Kažimír said on Monday, repeating the ECB's official view on the matter.

"(The) inflation surge (is) to (a) large extent temporary," he said on Twitter shortly before speaking at an event. "Supply chain bottlenecks should disappear gradually as vaccination increase(s)."