Euro zone inflation seen well below 2 percent in 2014-15: Nowotny
"But over the medium term it is likely to align itself with the ECB's objective of keeping inflation below but close to 2 percent," he added in the report released on Tuesday.
He said an economic recovery in the euro zone - and even more so in Austria - was showing signs of accelerating in 2014 and 2015.
(Reporting by Michael Shields; Editing by Georgina Prodhan)