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ECB’s Weidmann Warns Inflation May Pick Up Faster Than Expected

  • German central banker says higher inflation can’t be ruled out
  • ECB expects inflation to hit 1.9% in the euro area this year
Jens Weidmann

Jens Weidmann

Photographer: Alex Kraus/Bloomberg

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European Central Bank Governing Council member Jens Weidmann warned that inflation in the euro area could pick up faster than expected, and urged not to drag out the institution’s pandemic bond-buying program.