The European Central Bank's Governing Council member Joachim Nagel told Bloomberg TV on Friday that he thinks that it is better to ease monetary policy in a gradual manner, adding that a gradual approach has a better outcome.
The official also noted that he is more comfortable with markets' current ECB rate reduction expectations, pricing in the beginning of the rate-cutting cycle in June.
In addition, Nagel said that the ECB should act on the euro zone's data, not steps by other central banks.