ECB Lagarde on higher rates: "In the short term, core inflation is going to be high,"

<p>European Central Bank President Lagarde spoke over the weekend, with Spanish media group Vocento.</p><ul><li>"In the short term, core inflation is going to be high </li><li>further rate increase now "very very likely"</li></ul><p>And, the kicker (but hardly new news):</p><ul><li>"We must continue to take whatever measures are necessary to bring inflation back to 2%. And we will do so"</li></ul> This article was written by Eamonn Sheridan at www.forexlive.com.

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