More from ECB's Villeroy: We need to be patient on the duration rates are kept high

<ul><li>We need to be more cautious about for guidance but would not throw it away completely</li><li>Due to monetary policy likes, the length of monetary policy transmission is more important than levels</li><li>We need to be sufficiently patient on the duration rates are kept high</li><li>We are closer to terminal levels of rate</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.