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European Central Bank Governing Council member Ewald Nowotny said on Thursday that inflation in the Eurozone could turn into negative territory in the first half of 2016 but prices are expected to climb in the second half.
"In the second half, we could already see a clear increase in inflation because of the base effect from the previous year," he said.
Nowotny noted that there was no deflationary risk in the Eurozone.
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