Slowdown will have scant impact on euro inflation

Poor economic growth in the eurozone is unlikely to bring down inflation, Jurgen Stark, a member of the European Central Bank's (ECB) executive board, has warned.

Speaking in Denmark on Monday, Stark said economic activity in the eurozone was weak, with poor investment growth and high commodity prices weighing on consumer confidence and subduing demand. However, he predicted that price and wage rigidities would keep inflation high "for quite some time" and pointed to evidence that second-round

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