Bundesbank President and European Central Bank (ECB) Governing Council member Joachim Nagel argued on Friday that the window for the ECB to take monetary policy measures was slowly closing, per reuters.

Additional takeaways

"Optimistic about a 2022 move."

"I see no recession but a much weaker growth rate."

"I don't buy the argument that the monetary policy should hold back because of the economy right now."

Market reaction

The EUR/USD pair edged slightly higher following these comments and was last see rising 0.5% on a daily basis at 1.0590.

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