ECB’s Vujčić: Despite Disinflation Potentially Stalling in Coming Months, Downward Trend Won’t Stop

10 May 2025

ECB’s Vujčić: Despite Disinflation Potentially Stalling in Coming Months, Downward Trend Won’t Stop
Boris Vujčić, governor of the Croatian National Bank, at the European Central Bank Forum on Central Banking in Sintra, Portugal on July 2, 2024. Photo by the ECB under CC BY-NC-ND 2.0.

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Boris Vujčić said on Saturday that the ECB expected inflation to continue trending downward despite potentially remaining steady over the next months.

In an interview with Croatian television HRT1, Vujčić, who heads the Croatian National Bank, said that the ECB expected ‘inflation to continue to fall, and in some months the inflation could even stall, but the trend won’t be stopped.’

Markets were expecting further cuts after seven interest rate reductions, he said, but the ECB’s future moves would depend on inflation.

Trade frictions tended to have a negative impact on the economy, according to Vujčić, but they could also dampen inflation.

 

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