ECB’s Vujčić: Markets Predict Current Interest Rates Will Remain

11 October 2025

ECB’s Vujčić: Markets Predict Current Interest Rates Will Remain
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 David Barwick – FRANKFURT (Econostream) – Financial markets see euro area interest rates persisting at their current level, European Central Bank Governing Council member Boris Vujčić said Saturday.

In remarks to Croatian public broadcasting company HRT on Saturday, Vujčić, who heads the Croatian National Bank, said, “What the markets are predicting at the moment is that the current interest rates will remain. Today, the market has a 50% probability that interest rates will fall by a quarter of a percentage point by the middle of next year.”

The Croatian economy would expand by 3.2% this year and 2.9% next, he said, calling 2026 growth “among the highest rates in the Eurozone.”

Unemployment in Croatia would “continue to decline towards 4.5%,” he predicted. “We expect that we will have 50 thousand new jobs this year, and 35 thousand next year, he said.”