TechFlow news, on February 13, according to Jinshi Data, European Central Bank (ECB) Governing Council member Vujcic said the ECB could cut interest rates three more times this year. Even if the Federal Reserve slows its pace of rate cuts, a dovish policy remains justified provided underlying inflation declines rapidly. Since June last year, the ECB has lowered borrowing costs five times and signaled further easing, prompting investor speculation about the pace and extent of additional rate cuts. "The market expects three more rate cuts this year," Vujcic said. "These expectations are not unreasonable." However, data over the coming months will be crucial, as forecasts indicate a significant drop in services inflation. Services inflation is the largest single component of the consumer price basket and has been a key driver of excessive price growth over the past year. "For rate cuts to materialize, we need to see core inflation and services inflation slowing down," said Vujcic, viewed as a moderate hawk.
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