ECB's Villeroy maintains that inflation rise is temporary

ECB still not budging on the inflation narrative

Well, you can't really blame them can you? They already tried so hard to stay clear of calling the decision to reduce the pace of PEPP purchases a 'taper' and what more when you think down the road that they may have to upsize APP purchases next year.

In any case, it just reaffirms that central bankers will just spew out whatever crap as long as it fits with their agenda and purpose.