ECBs Nagel is on the wires saying:
- Confident that inflation will come back to target
- There is still a way to go until then
- We have to be stubborn because inflation is a stubborn
- not seen a credit crunch
- It would be first order error to give up on raising rates too early
Comments are not all that surprising.
This article was written by Greg Michalowski at www.forexlive.com. Source