ECB’s Vujčić: Worth Awaiting New Projections Before Setting Further Course of Monetary Policy

10 June 2025

By David Barwick – FRANKFURT (Econostream) – The European Central Bank should wait until it has new projections before deciding anew whether to alter its monetary policy stance, ECB Governing Council member Boris Vujčić said on Tuesday.

In an interview with Bloomberg Television, Vujčić, who heads the Croatian National Bank, said, ‘We feel that we are now in a very good position. It’s worth now waiting to get more data and in my view, to get another projection before we decide where we want to go and hopefully by that time get more clarity on the on the trade relationships.’

Vujčić said that rather than speculate about what will follow the 90-day suspension of US tariffs, which ends on July 9, it was preferable to ‘wait and see where we end up with the tariffs and then we will know what to do.’

He declined to offer a prediction as to whether the tariffs would ultimately be inflationary or deflationary for Europe, saying that ‘it’s not easy to say that before we know how the endgame will look like in terms of the tariffs.’