European Central Bank (ECB) policymaker Francois Villeroy de Galhau argued on Friday that the ECB needs to aim to be more predictable with its communication and added that they could give short-term perspectives on policy, per Reuters.

Regarding the inflation outlook, Villeroy noted but that the Eurozone inflation may half by mid-2023 but acknowledged that it was currently "too fast and possibly persistent."

Market reaction

EUR/USD showed no immediate reaction to these comments. As of writing, the pair was trading at 1.0623, where it was down 0.44% on a daily basis.