Decision-makers should not rush to take pro-cyclical measures as inflation is expected to slowly diminish in the longer run, European Central Bank (ECB) Governing Council member Mario Centeno said on Thursday, as reported by Reuters.

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 0.4% on a daily basis at 1.0017.

Meanwhile, markets remain risk-averse with US stock index futures losing between 0.5% and 0.8% ahead of Wall Street's opening bell.