Accelerating inflation points to likely ECB monetary policy change: ZEW

BERLIN (Reuters) – Accelerating inflation bodes well for the German economy and makes it more probable that the European Central Bank will alter its ultra-loose monetary policy, the ZEW research institute said on Tuesday.

In a statement released as ZEW&rsquo-s monthly survey showed investor morale in Germany brightening in October, ZEW President Achim Wambach said stronger growth in Europe had improved the conditions for German exports.

&ldquo-The fact that inflation is rising again, and expected to climb further, equally points toward a positive economic development in Germany, making a change in the ECB&rsquo-s monetary policy more likely,&rdquo- he added.