23 July
ECB’s Vujcic expects inflation to fall to central bank’s target by year-end
Member of the European Central Bank’s (ECB) Governing Council Boris Vujcic believes the growth of consumer prices in the EU will hit the regulator’s target of 2% by the end of 2025.
During an interview with Croatian channel HRT1, the official said that he expects the annual inflation rate to fall and the price growth to stall in some months.
Additionally, Vujcic highlighted that ECB’s decision on interest rates would depend on inflationary dynamics. However, markets project the European regulator will reduce borrowing costs again after seven back-to-back cuts.
The head of the Croatian Central Bank thinks trade tensions have a negative impact on European economic growth. Yet, in some scenarios, the US administration's tariff measures could help reduce the EU’s inflation rate, the official said.
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