ECB’s Vujcic says market prices for rate cuts are reasonable -January 20, 2025 at 4:05 p.m.

Market expectations for the European Central Bank’s interest rate cuts are reasonable, but economic conditions can still change, and so there is no guarantee the bank will set rates as currently planned, Monday said Boris Vujcic, the head of the Croatian central bank.

“There’s been a recent reassessment of rates from four to five (rate cuts this year) to three or four cuts, and I think that’s reasonable. I don’t feel uncomfortable with current market prices,” Vujcic said during an online seminar with LC Macro Advisors.

“The markets have to make these predictions, we don’t,” said Mr Vujcic, a member of the ECB Governing Council. “We can always wait for the data and then decide.