ECB is 'nearly done' with cuts if forecasts hold, Vujcic says

DUBROVNIK, Croatia (Reuters) -The European Central Bank is "nearly done" cutting interest rates if inflation settles at 2% as expected, ECB policymaker Boris Vujcic said on Saturday.

The ECB cut interest rates on Thursday for the eighth time in the past year and signalled a policy pause next month since inflation was now safely back at its 2% target after three years of overshooting.

"I would agree we are nearly done and that we are in a good position," Croatia's central bank governor told reporters on the sidelines of a conference.

"If our projections materialise as they are in June I would think this is the right qualification of our monetary policy stance."

He warmed any surprises in growth and inflation data would "affect" the ECB's thinking, as would the hard-to-predict outcome of the European Union's trade negotiations with the United States.

(Reporting By Francesco CanepaEditing by Tomasz Janowski)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• US, Iran keep up hostile rhetoric ahead of new sanctions
• Trump says he did not direct Bessent to intervene in bond market
• Pentagon fires US military newspaper leadership