Investing.com - Minutes from the European Central Bank's October 22 policy meeting released Thursday revealed that current policy measures may not be gaining sufficient tractions to achieve the central bank's inflation target.
The minutes added that policymakers will re-examine the degree of policy accommodation in December, saying it is ready to act if necessary.
According to the minutes, most members of the Governing Council shared the view that inflation risks have increased and anticipated the timing of inflation getting back to target is likely to be pushed back again.
EUR/USD was trading at 1.0698 from around 1.0707 ahead of the release of the data, while EUR/GBP was at 0.7009 from 0.7012 earlier.
The Investing.com euro index, which tracks the single currency against a basket of six major rivals, was at 86.16, compared to 86.19 ahead of the report.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 rallied 0.95%, France’s CAC 40 inched up 0.75%, Germany’s DAX jumped 1.5%, while London’s FTSE 100 advanced 1.3%.