Boris Vujčić Governor of the Croatian National Bank and thus an European Central Bank Governing Council member. He spoke on Tuesday:
- Core inflation pressures are lingering in the euro zone
- The European Central Bank must weigh the costs of doing too much against doing too little
- said he is sure the ECB will be able to bring down inflation to its target of 2%
- bringing inflation back down to that level would have to be done over time to avoid harming economies
- "Bringing down inflation is more an art than a science,"
- "ideally" the ECB wants to engineer a soft landing for the economy but this is "not always possible"
![vujcic ecb 21 June 2023](https://images.forexlive.com/images/vujcic%20ecb%2021%20June%202023_id_e6b94dd9-b722-4c3f-96a7-9fad4630971b_original.jpg)