ECB’s Vasle: Still need `highly accommodative’ monetary policy

The European Central Bank (ECB) governing council member Bostjan Vasle said on Wednesday, the Euro area still needs a ‘highly accommodative’ monetary policy.

“New waves of a pandemic may slow recovery,” he warned.

Earlier on, the ECB policymaker Robert Holzmann said that the central bank could normalize monetary policy quicker than expected.

Market reaction

EUR/USD is under fresh pressure, eyeing 1.1800 as the US dollar firms up on the session. The spot is losing 0.15% on the day, trading at 1.1818, as of writing.

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