Eurozone inflation will be on target by mid-year, ECB's Nagel tells Spiegel

BERLIN, Jan 22 (Reuters) - ECB policymaker Joachim Nagel is confident that eurozone inflation will return to its target of 2% by the middle of the year, he told Germany's Der Spiegel on Wednesday.

"I am confident that inflation in the eurozone will return to our target of 2.0% by the middle of the year because wage momentum is normalising and because economic developments in Europe remain subdued," he told Der Spiegel.

(Reporting by Madeline Chambers; editing by Matthias Williams)

((Madeline.Chambers@thomsonreuters.com; +4930220133578;))