ECB’s Centeno: Next decision will be to cut rates if inflation holds its current trajectory

European Central Bank (ECB) policymaker Mario Centeno delivered some comments on the central bank’s interest rate outlook during his appearance on Thursday.

Additional quotes

If inflation continues on same trajectory in coming months it is expected that the ECB’s next decision will be to cut rates.

If that happens we can start a cycle of normalization of rates.

Market reaction

EUR/USD is keeping its losses near 1.0800 following the above comments, losing 0.18% on the day.