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ECB’s Vujčić Sees Possibility That “Something’s Coming That’s Not Very Good”

7 November 2025

ECB’s Vujčić Sees Possibility That “Something’s Coming That’s Not Very Good”
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) – European Central Bank Governing Council member Boris Vujčić on Friday echoed other policymakers’ warnings of over-valued financial assets and suggested that this could be a harbinger of negative developments.

In remarks at an event in Miami, Florida, Vujčić, who heads the Croatian National Bank, said that ECB monetary policy was “in a good place,” but noted various risks including excessive public spending in some euro area countries as well as over-valued financial assets.

He observed that retail investors were still doing better than hedge funds despite the maturity of the bull market, an indication of a lack of caution that can precede a market correction or downturn. “That’s usually a sign that something’s coming that’s not very good,” he said.