Central Banks
ECB Aims for Smooth Transition Into Rate Cuts, Vujcic Says
- Croatian central bank chief says quarter-point cuts preferable
- Sees little economic difference between starting April or June
Boris Vujcic
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
The European Central Bank will ease into cutting interest rates and may take pauses along the way to ensure it doesn’t upset the economy, according to Governing Council member Boris Vujcic.
Smaller, quarter-point steps are preferable to bigger ones, Vujcic told reporters in Zagreb on Tuesday, adding that the difference between starting to ease policy in April or June is negligible in economic terms.