Report that says inflation is picking up in Germany - je 17.04.2008 08 UTC

The latest jump in the value of the euro comes on top of a report that says inflation is picking up in Germany -- which in turn makes it highly unlikely the European Central Bank will ease interest rates here. Inflation in Germany rose to 3 point three percent in March. That all amounts to a huge brake on the German economy, and the country's leading economic institutes have already revised their growth forecasts downwards.