European Central Bank's (ECB) Governing Council member Francois Villeroy de Galhau said on Tuesday, “ECB will maintain its rate at 4 pct for a sufficiently long time, as it is an efficient remedy.”
Inflation is a sickness, interest rates are the medicine, the medicine is beginning to work.
Current ECB rate is at a good level, better to be patient now.
Once inflation is back around 2 pct, ECB rate can fall again.
EUR/USD is testing lows near 1.0675 on the above comments, down 0.12% on the day.
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