ECB's Villeroy: At this stage, further rate hikes are not the right thing to do

<ul><li>Interest rates are on a good level</li><li>Events in Israel add to economic incertitude</li><li>Wary about oil price developments over Israel situation</li></ul><p>He adds that there is no reason presently to tweak inflation prospects and they still see it converging to the 2% mark by 2025.</p>

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