ECB's Holzmann: Forward guidance requires credible inflation projections

European Central Bank (ECB) policymaker Robert Holzmann told Reuters on Friday that the ECB's forward guidance requires credible inflation projections for market participants.

"It is important to drive on sight in the course of next year, in particular given the high uncertainty about inflation developments in 2022 and beyond," he added.

Market reaction

These comments don't seem to be having a noticeable impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was down 0.22% on a daily basis at 1.1653.