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In the final quarter of the previous year, inflation in the Eurozone rose again. After falling below the European Central Bank’s (ECB) two percent inflation target in September at 1.7 percent, it has since climbed back up to 2.4 percent in December. For ECB Director Isabell Schnabel, this is not an obstacle to lowering interest rates further this year. The German economist attributes the recent rise in inflation rates largely to statistical effects; this has no impact on the overarching trend towards lower inflation in the eurozone.
