ECB's Boris Vujcic: Inflation Must Improve for Potential Cut in September

Reported 8 months ago

European Central Bank Governing Council member Boris Vujcic stated that a potential interest-rate cut in September would depend on an improvement in the bank's inflation outlook. While not ruling out action in July, Vujcic highlighted the importance of more data and updated forecasts that will be available closer to the September meeting. Any delays in meeting the ECB's inflation target could lower the likelihood of a rate cut. Vujcic emphasized the need for continued monitoring of inflation, especially in services, amid evolving consumer preferences.

Source: YAHOO

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