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Euro area: Inflation will pick up, but only slowly

15 June 2018: At yesterday’s press conference, the ECB demonstrated its conviction that over the medium term euro zone inflation will rise towards its 2% target. In fact, labour shortages together with heightened inflation expectations suggest higher wages, and consequently consumer prices. For more information please refer to the web site of our Chief Economist http://bit.ly/2JWQVa8

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