ECB's Villeroy: We are near or very near the peak on interest rates

<ul><li>Our option are open at the next and upcoming rate meetings</li><li>Maintaining rates for a sufficiently long period now counts more than further rate hikes</li></ul><p>I think markets can very well agree on his last point but with the euro area economy stumbling, how long can the ECB put off rate cuts in the year ahead?</p>

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