FRANKFURT, March 1 Euro zone inflation is likely
to be sharply higher in 2017 than earlier thought but will still
dip towards the end of the year, Bundesbank president Jens
Weidmann said on Wednesday, arguing that accommodative monetary
policy remains appropriate.
"Assuming that oil prices do not rise any further...
inflation this year is likely to be well in excess of the figure
projected to date; for Germany, an upward revision of around
one-half percentage point is expected, and this might also be
the case for the euro area as a whole," Weidmann said in
Ljubljana in a speech at the Slovenian central bank.
(Reporting by Balazs Koranyi; Editing by Francesco Canepa)