ECB's Vujcic:April or June for a rate cut is not a big difference

European Central Bank (ECB) Governing Council member Boris Vujcic argued on Tuesday that it would not make a big difference whether the ECB starts lowering rates in April or June, per Reuters.

"I think it's more important that we achieve a kind of smooth transition," he added and continued:

"I think that 25 basis point moves are preferable to larger steps. It doesn't have to be continuous, there will some be pauses."

Market reaction

EUR/USD edged slightly higher following these comments and was last seen trading at 1.0845, rising 0.1% on the day.