European Central Bank policymaker Peter Kazimir said on Monday that the ECB can gradually relax restriction by lowering the key rates in June, given the persistent fall in inflation.

Kazimir added that the ECB is not committed to any policy path beyond June, noting that they must maintain flexibility.

Market reaction

These comments failed to influence the Euro's valuation against its major rivals in a noticeable way. At the time of press, the EUR/USD pair was trading at 1.0658, where it was up 0.15% on a daily basis.