ECB’s Villeroy: We will maintain interest rates at 4% for a sufficiently long time

• “The medicine is beginning to work”
• Current ECB rates are at a good level, better to be patient now
• Once inflation is back to around 2%, rates can fall again

Or so he says. We’ll see how tolerant they can be when economic conditions continue to worsen at the current pace until next year.

This article was written by Justin Low at www.forexlive.com. Source