ECB UNLIKELY TO REACT TO TEMPORARY INFLATION DIP Bundesbank President Joachim Nagel said the ECB is unlikely to act on a short-term drop in inflation below its 2% target, as forecasts show a rebound over the medium term. Eurozone inflation fell to 1.7% in January, but core inflation and wage growth are expected to support stability. Volatile energy prices and the stronger euro may influence trends, but the ECB sees no need to change policy, keeping its key rate at 2%.(*Walter Bloomberg)