Central Banks
ECB’s Vujcic Favors Quarter-Point Moves Once Rate Cuts Start
- Croatian official says bigger moves possible if economy slumps
- Markets are betting on rate cuts starting as early as spring
Boris Vujcic
Photographer: Petar Santini/BloombergThis article is for subscribers only.
European Central Bank Governing Council member Boris Vujcic said he prefers quarter-point reductions in borrowing costs once monetary easing begins.
“Ideally, my view of interest-rate action is that we move 25 basis points,” the Croatian official said Thursday. In an ideal world, policymakers would “move gradually and continuously in one direction once you make sure that the inflation rate is on the path where you want to see it.”