Euro zone inflation pressures are building but only slowly -ECB chief economist
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FRANKFURT (Reuters) - Inflationary pressures in the euro zone are slowly building and the deflationary drag from the shift to a digital economy is unlikely to be permanent, European Central Bank chief economist Philip Lane told the Financial Times.Euro zone inflation has undershot the ECB's target of almost 2 percent for seven years and some academics argue that perhaps the nature of inflation has changed, making super-low consumer price growth the new norm."A lot of these digital developments..