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BERLIN, Aug 12: Inflation in the euro zone is not likely to drop back to the European Central Bank’s target of just below two per cent either this year or next, ECB policy maker Axel Weber was quoted as saying on Thursday.
Inflation in the 15-country bloc is currently running at over twice that target at 4.1 per cent. In an interview with the Stuttgarter Zeitung, Weber said the ECB had to prevent current inflation expectations cementing themselves.—Reuters
