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FRANKFURT (Reuters) – 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 (NYSE:TWTR) shortly before speaking at an event. “Supply chain bottlenecks should disappear gradually as vaccination increase(s).”
ECB’s Kazimir toes line on temporary inflation surge
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(Bloomberg) — President Joe Biden selected Jerome Powell for a second term as Federal Reserve chair, and elevated Governor Lael Brainard to become vice chair of the U.S. central…
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(Reuters) – Cryptocurrency startup MoonPay has raised fresh capital from investors led by Tiger Global Management and hedge fund Coatue at a valuation of $3.4 billion, becoming…
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By Howard Schneider and Jeff Mason WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden on Monday, extending…
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