European Central Bank (ECB) Governing Council member Mario Centeno said on Wednesday that the inflation in the Euro area was falling faster than when it was rising, per Reuters.

"We can expect that the rate cycle has been completed by now, and with present conditions," Centeno added.

Market reaction

These comments don't seem to be having a noticeable impact on the Euro's performance against its rivals. As of writing, EUR/USD pair was trading at 1.0505, where it was up 0.38% on a daily basis.