Inflation in parts of Germany exceeds ECB target in May

BERLIN (Reuters) - Inflation in some German regions jumped above the ECB's target rate in May, data showed on Wednesday, pointing to robust consumer demand and feeding into a debate about when the European Central Bank should curb its monetary stimulus. Policy hawks at the ECB, including German Bundesbank head Jens Weidmann, want the bank to end its asset purchases this year and see room for a rate hike towards the middle of 2019. But investors have dropped long-standing bets that the ECB would hike rates in June 2019 amid signs of weaker economic growth in the euro zone and market turmoil associated with a political crisis in Italy

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