European Central Bank (ECB) policymaker and Slovakian central bank Governor Peter Kazimir said on Wednesday, he “believes that ECB is nearing its first interest rate cut.”
“Inflation is on a good trajectory,” Kazimir said while presenting the Slovakian central bank's financial stability report (FSR).
These comments come as a surprise, as the ECB is in its quiet period ahead of Thursday’s policy announcements.
EUR/USD stays modestly flat near 1.0880 on these above comments.