ICYMI: ECB’s Herodotou spoke Monday, said high inflation worse than high interest rates

Constantinos Herodotou is Governor of the Central Bank of Cyprus and a member of the Governing Council of the European Central Bank. He spoke overnight on Monday, headlines:

  • Inflation is worse than high rates
  • Monetary policy tightening
    only tool to fight inflation
  • High interest rates
    won’t be permanent

Nothing out of the ordinary from Herodotou here. The European Central Bank is on track to hike rates again at its next meeting on July 27.

This article was written by Eamonn Sheridan at www.forexlive.com. Source