ECB's Vasle: We need to keep tightening policy at our next meeting

<ul><li>Inflation remains persistent</li><li>Beyond that, we will remain data dependent</li><li>But the burden of proof will be on invalidating a rate hike, rather than validating one</li></ul><p>The last comment is indicative of his bias but I reckon we will have to see how things go in the weeks ahead, as well as hearing further remarks from Lagarde before September.</p>

This article was written by Justin Low at www.forexlive.com.