ECB's Villeroy: Current level of interest rates is approriate

<ul><li>Patience is more important than activism at present</li><li>Duration is more important than level of interest rates</li></ul><p>They are determined to get the message across, trying to vindicate their decision to pause without conceding that it does have to do, at least in some part, with the recent downturn in the economy.</p>

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