Central Banks
ECB’s Vujcic Says Weaker Economy Could Boost Pace of Rate Cuts
- Croatian central banker speaks to Bloomberg in Split
- Remarks come as ECB looks set to start easing policy in June
Boris Vujcic.
Photographer: Petar Santini/BloombergThis article is for subscribers only.
A major stumble in the euro-zone economy could increase the speed at which the European Central Bank lowers borrowing costs, though not when the process begins, according to Governing Council member Boris Vujcic.
“If there’s a significantly faster slowdown of the economy, that would then of course have consequences for interest-rate policy,” the Croatian central bank chief told Bloomberg in the coastal city of Split. “Given where we are right now, probably not affecting the timing of the first cut, but it could have an effect on the pace.”