ECB’s Vujcic Says No More Rate Hikes Needed If Outlook Holds

European Central Bank Governing Council member Boris Vujcic said additional increases in borrowing costs probably won’t be needed if officials’ economic outlook comes to pass.

“If things develop in accordance with our expectations, if we have a continued fall of inflation as we’re expecting, then it won’t be necessary to raise interest rates further,” Vujcic told Croatia’s N1 TV on Thursday.