ECB's Villeroy: We will maintain interest rates at 4% for a sufficiently long time

<ul><li>"The medicine is beginning to work"</li><li>Current ECB rates are at a good level, better to be patient now</li><li>Once inflation is back to around 2%, rates can fall again</li></ul><p>Or so he says. We'll see how tolerant they can be when economic conditions continue to worsen at the current pace until next year.</p>

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