Investing.com - Minutes from the European Central Bank's January policy meeting released Thursday revealed that members were unanimous in concluding that the monetary policy stance needs to be reviewed and possibly reconsidered in March to secure a return of inflation rates towards levels below, but close to, 2%.
Though the euro zone central bank left interest rates unchanged in January, members agreed that the risks to the economic outlook are not only to the downside but had increased since the previous December meeting.
The ECB minutes pointed out that the central back needed to emphasize that there were no limits to how far it was willing to deploy instruments and that it was both willing and able to take further action if needed.
EUR/USD was trading at 1.1097 from around 1.1095 ahead of the release of the data, while EUR/GBP was at 0.7721 from 0.7719 earlier.