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.
