ECB Mustn’t Rush Further Rate Moves, Vujcic Tells Handelsblatt

The European Central Bank mustn’t be too concerned about a temporary undershooting of the 2% inflation target and shouldn’t rush further interest-rate moves, Governing Council member Boris Vujcic told Handelsblatt.

“We should not be worried about smaller deviations we will probably see in the short term,” the Croatian central-bank chief said in an interview published Tuesday. The ECB is projecting 18 months below its goal, before a return to 2% in 2027.