ECB’s Vujčić: Inflation is Coming Down, Hopefully in a Sustainable Manner

14 February 2024

By David Barwick – SPLIT, Croatia (Econostream) – The European Central Bank is achieving success in its effort to get inflation under control, ECB Governing Council member Boris Vujčić said Wednesday.

Speaking at the annual conference of Mediterranean central banks, Vujčić, who heads the Croatian National Bank, said, ‘This time we seem to be getting it right, as the inflation is coming down, hopefully in a sustainable manner towards our medium-term price stability target.’

It must never be forgotten that ‘credibility built up over many decades can be wiped out literally overnight.’