European Central Bank (ECB) Governing Council member Ignazio Visco told Bloomberg TV on Monday that market expectations are not that consistent with the ECB's guidance.

Additional takeaways

"ECB has not discussed raising the limit on international bond-buying."

"We may end up rising limits but nothing has been discussed."

"Monetary policy will remain accommodative, will look through price pressures if something remains."

"Price pressures may last some months, even into next year but we are not seeing second-round effects."

"There should be a level of flexibility in ECB's toolbox."

Market reaction

The common currency struggles to find demand after these comments and the EUR/USD pair was last seen losing 0.1% on the day at 1.1587.