ECB's Nagel: Rates must be sufficiently high for sufficiently long

<ul><li>Inflation has now fallen significantly but it is still too high</li><li>We must not let up too soon, rates must be sufficiently high for long time</li><li>It is not yet possible to say if rates have reached their peak</li><li>There are several upside risks to inflation</li><li>Inflation has proven stubborn</li></ul>

This article was written by Adam Button at www.forexlive.com.