ECB's de Cos: Inflation surge is transitory but could be more persistent than initially estimated

Remarks by ECB policymaker, Pablo Hernandez de Cos

• This could lead to relatively high rates of inflation in the coming months

Pretty much sticking to the tagline while acknowledging upside risks on the matter. But again, it's all relative to what 'transitory' actually means in their book. Three months? Six months? A year? Seems like it's just for as long as they can get away with it.