ECB’s Boris Vujcic expects inflation to slow to 2% target by year-end

Consumer-price growth will hit the European Central Bank’s 2% target by the end of 2025, according to Governing Council member Boris Vujcic.

“We expect inflation to continue to fall, and in some months the inflation could even stall, but the trend won’t be stopped,” he told HRT1 in a television interview on Saturday (May 10).

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Asked about interest rates Vujcic, who heads Croatia’s central bank, said that after seven reductions, markets expect more such moves, though what the ECB does will depend on how inflation develops.

He also highlighted that trade tension generally has a negative impact on economic growth, but in some scenarios could reduce the inflation rate