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

<p>The name of the game is all about selling the narrative of higher rates for longer now. But when it comes to that, policymakers can only go so far as what the data allows them to. And in the case of the ECB, it might not be too convincing if the euro area economy continues on its current trajectory towards a recession in the short-term.</p>

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