ECB’s Centeno: Every meeting is open for us to make a decision

Further comments

As confidence builds, ECB can look at every meeting in making a decision.

There is confidence that inflation will hit 2% target next year.

Our baseline projections have proved to be quite solid.

We must be prudent on rates.

Still hesitant on growth assessment.

Monetary policy must aid with economic recovery.

Market reaction

EUR/USD is consolidating the latest leg lower to near 1.0710, losing 0.20% on the day, as of writing.