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Remarks by ECB policymaker Olli Rehn

He’s referring to it here as the gauge hit a seven-year high near 1.90% yesterday. If so, is he trying to say that the price pressures are not exactly transient?

This is a somewhat mixed message given that the broader stance is that inflation is more subdued and nowhere near 2% in the medium term given that the recent surge is supposed to be temporary.
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