European Central Bank (ECB) policymaker Klaas Knot said on Friday that the ECB could opt for several 50 basis points (bps) rate hikes in case the inflation situation in the euro area were to worsen.

Market reaction

This comment doesn't seem to be having a noticeable impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was down 0.25% on a daily basis at 1.0520.

In the meantime, the market mood remains upbeat on the last trading day of the week with the Euro Stoxx 600 Index rising more than 1%.