European Central Bank (ECB) policymaker Giannis Stournaras said in an interview on Friday, inflation is transitory and will begin to ease in 2022.

Additional comments

“Mismatch between demand and supply will gradually dissipate.”

“Sees inflation falling next year and moving back below 2% in 2023.”

“ECB policy remains appropriate.”

EUR/USD reaction

EUR/USD is little changed on these comments, keeping its range just above 1.1550, modestly flat on the day.