(Bloomberg) -- The European Central Bank probably won’t accelerate its interest-rate reductions, Governing Council member Boris Vujcic told Econostream Media.
Most Read from Bloomberg
-
Ambitious High-Speed Rail Plans Advance in the Baltic Region
-
New York, San Francisco Ranked Worst for US Traffic in City Centers
“To speed up the current pace of cutting, we would need a more significant departure from our projections, data-wise” the Croatian official was quoted as saying. “At the moment we don’t see this, because developments are broadly in line with our projections.”
In an interview published Monday, Vujcic also said:
-
“In circumstances where uncertainties are still elevated, it’s better to move gradually, and this is what we’re doing”
-
In “general, expectations of gradual, meeting-by-meeting cuts are justified by what we see in the data and in our projections”
-
“We are not dependent on the Fed or any other central bank. So I can only say that from what I see now, the near-term expectations of the markets seem justified”
-
Click here for full interview transcript
Most Read from Bloomberg Businessweek
-
He Built Russia’s Biggest Tech Company. Now He’s Starting Over—Without Putin
-
Why AI Investors Should Worry About the Self-Driving Car Crash
-
How Athletic Sparked the Nonalcoholic Beer Boom With Brews That Don’t Suck
-
The US Government Is Sitting on a Possible Solution to the Housing Crisis
©2025 Bloomberg L.P.