More from ECB’s Villeroy: We need to be patient on the duration rates are kept high

• We need to be more cautious about for guidance but would not throw it away completely
• Due to monetary policy likes, the length of monetary policy transmission is more important than levels
• We need to be sufficiently patient on the duration rates are kept high
• We are closer to terminal levels of rate

This article was written by Greg Michalowski at www.forexlive.com. Source