Central Banks
Inflation Must Improve for ECB Cut in September, Vujcic Says
- Delay in reaching 2% target would lower chances of a move
- Services warrant close monitoring, Croat says in interview
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An interest-rate cut in September would require an improvement in the European Central Bank’s inflation outlook, according to Governing Council member Boris Vujcic.
While action in July isn’t fully excluded, more data and a fresh set of forecasts will be available two months later, Vujcic said in a Bloomberg interview. Any indication of a delay in reaching the ECB’s target would lower the chances of another reduction in borrowing costs at that time.