ICYMI: ECB's Herodotou spoke Monday, said high inflation worse than high interest rates

<p>Constantinos Herodotou is Governor of the Central Bank of Cyprus and a member of the Governing Council of the European Central Bank. He spoke overnight on Monday, headlines:</p><ul><li>
Inflation is worse than high rates</li><li>Monetary policy tightening
only tool to fight inflation</li><li>High interest rates
won’t be permanent</li></ul><p>Nothing out of the ordinary from Herodotou here. The European Central Bank is on track to hike rates again at its next meeting on July 27.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.