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Inflation in Germany could rise above 3% in the short-term, European Central Bank Executive Board member Isabel Schnabel said in an interview Tuesday with German broadcaster n-tv. However, the increase is likely to be only temporary, with the central bank expected to look through it, she added.
"If we actually see that there was suddenly a very rapid development of inflation, which is really not in evidence at the moment, then of course we would have to adjust our measures and of course we would have to do that gradually," Schnabel said. "This must be prepared above all through communication. Everyone would then have the opportunity to gradually adapt to it."