FRANKFURT (Reuters) -Euro zone inflation surged to 7.5% in March, hitting another record high with months still left before it is set to peak, raising pressure on the European Central Bank to rein in runaway prices even as growth slows sharply.

Euro zone manufacturing growth slowed sharply last month as Russia's invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, a survey showed as soaring energy costs drove a broader surge in prices.

The governor of Ukraine's central bank urged the central banks of the European Union, the United States, Japan and Britain to ban transactions in the Russian or Belarusian rouble over Russia's war on Ukraine.

China's COVID-19 curbs are disrupting the supply of fertiliser to the country's northeastern bread basket just a month away from spring planting, threatening this year's corn and soybean crops if not resolved soon.

Euro zone inflation surged to 7.5% in March, hitting another record high with months still left before it is set to peak, making grim reading for the European Central Bank, which needs to reconcile sky-high prices with vanishing economic growth.

U.S. job growth likely continued at a brisk clip in March, with the unemployment rate falling to a new two-year low of 3.7% and wages re-accelerating, which would position the Federal Reserve to raise interest rates by a hefty 50 basis points in May.