A European Central Bank member anticipates the number of interest rate cuts this year.

European Central Bank policymaker Boris Vujcic stated that the bank is likely to cut interest rates three more times this year, even if its American counterpart moves more slowly, emphasizing that monetary easing depends on a rapid decline in core inflation.

In a recent interview on Thursday, the ECB member mentioned that the current market pricing for the central bank to implement three interest rate cuts is not unreasonable; however, data in the coming months will be crucial, especially concerning inflation in the services sector.

Additionally, the European policymaker indicated that the ECB might stop signaling a tightening monetary policy by next March, reaffirming the next interest rate cut for March as well as the current market path set.