During his remarks on Monday, European Central Bank Governing Council member and Croatian central bank governor Boris Vujčić commented on potential monetary policy moves by the European Central Bank. Key statements from Vujčić included:
The current monetary policy stance is well-suited. Recent data largely aligns with the expectations of the European Central Bank. The European Central Bank is heavily focused on foreign exchange market movements. The market pricing for a rate cut is reasonable. Inflation-related risks have now become balanced. It is worth noting that the market prices the likelihood of a rate cut by the European Central Bank at 92% on January 30, and estimates a potential for another cut at the subsequent monetary policy meeting on March 5 and 6.
