European Central Bank (ECB) Governing Council member Mario Centeno said on Wednesday that the policy will remain tight for some more time but oted that rates should start to come down at some point during 2024, as reported by Reuters.

"Monetary policy in terms of fixing key rates is at the maximum of this cycle," Centeno added.

Market reaction

These comments don't seem to be having a significant impact on the Euro's performance against its rivals. As of writing, EUR/USD was up 0.15% on the day at 1.0975.