Central Banks
ECB’s Vujcic Says Patience Needed Before Starting Rate Cuts
- Domestic inflation is currently ‘still resilient,’ he says
- Croatian central bank governor speaks at conference in Warwick
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European Central Bank officials need to ensure there aren’t any second-round effects on inflation from wages before cutting interest rates, according to Governing Council member Boris Vujcic.
“We need to have patience at the moment before we get into the easing cycle, to make sure that wage costs aren’t translating into sustained wage pressure,” he said on Sunday.