ECB's Kazimir: We are fine with current level of rates

"For the moment, we are fine with the current level of rates," European Central Bank's (ECB) policymaker Peter Kazimir said on Friday, as reported by Reuters.

On a separate note, ECB policymaker Boštjan Vasle argued that it was impossible to tell today whether more tightening will be needed and said that it was possible to get to the inflation target without a recession.

Market reaction

The EUR/USD pair showed no immediate reaction to these comments and was last seen losing 0.40% on the day at 1.0505.