Central Banks
ECB Needs Patience Before Declaring Inflation Win, Vujcic Says
- Banks’ minimum reserves may be useful in sterilizing liquidity
- Croatian official speaks on sidelines of Marrakech IMF meeting
Boris Vujcic
Photographer: Petar Santini/BloombergThis article is for subscribers only.
European Central Bank Governing Council member Boris Vujcic said it’s too soon to declare victory over inflation as key developments in the euro-zone economy will only play out over time.
Data in early 2024 will bring more clarity on wages, which will provide officials with a better — though still not definite — picture of consumer prices, the Croatian official said Wednesday in an interview. That’s despite new quarterly forecasts arriving at the final policy meeting of this year.