FRANKFURT—Eurozone inflation will return to trend without significant policy tightening by the European Central Bank as pandemic-related bottlenecks in goods as well as labor are resolved, the ECB’s chief economist Philip Lane said on Thursday. Lane was defending his long-held view that the current, record-high inflation rate in the eurozone was temporary in the face of mounting pressure on the ECB to raise interest rates, both from investors and policymakers. “Since bottlenecks will eventually be resolved, price pressures should abate and inflation return to its trend without a need for a significant adjustment in monetary policy,” Lane said in a blog post. He was echoed at a separate event by French governor Francois Villeroy de Galhau. They were likely trying to dampen market expectations, which are for an early end of the ECB’s bond purchases and rate hikes worth 50 basis points by December. These were stoked by ECB President …