The European Central Bank is likely to wait for more data, such as fresh macroeconomic forecasts at its September meeting, before deciding its next interest-rate move, its vice-president Boris Vujcic says. "We will have to wait for the data to come in until the July meeting, and then in September we have new projections, and then we will decide, depending on further data that will come in," he told CNBC in an interview on the sidelines of the ECB's conference in Sintra, Portugal. The bank still won't pre-commit to a rate path, Vujcic says. So far, inflation data for June has provided no surprises, he says. The ECB last raised its key rate at its June meeting by a quarter point. (edward.frankl@wsj.com)
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ECB Can Wait for More Data Before Deciding Next Move, Vujcic Says — Market Talk
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The European Central Bank is likely to wait for more data, such as fresh macroeconomic forecasts at its September meeting, before deciding its next interest-rate move, its vice-president Boris Vujcic says. "We will have to wait for the data to come in until the July meeting, and then in September w…