(Bloomberg) -- The European Central Bank will probably cut borrowing costs again, according to Governing Council member Boris Vujcic.
“If incoming data — and we say we are data-dependent — is in accordance with our projections, then it’s certain that we can continue with reducing interest rates,” the Croat central banker told N1 TV in an interview Tuesday, echoing previous comments. “The direction of projections points to a further decrease in interest rates.”
The ECB has lowered rates four times this year, bringing the deposit rate to 3%. Economists expect policymakers to continue such quarter-point moves until it hits 2% in June.
Asked how far ECB rate cuts might go, Vujcic said that “to which level, I cannot say now,” adding that “it remains to be seen next year.”
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