COPENHAGEN (Reuters) -The European Central Bank must not try to micromanage monetary policy and should only cut interest rates again if price growth is heading below target without rebounding, Croatian central bank chief Boris Vujcic said on Wednesday.

The ECB has been on hold since June and policymakers are debating whether more easing is needed since price growth is set to dip below its 2% goal next year.

Most policymakers argue that no action is needed since projections show inflation coming back to target in 2027. However, a few are warning that below-target readings risk pulling down expectations and perpetuating anaemic price growth, much like in the pre-pandemic years.

“For another cut, you would have to see the inflation path going down,” Vujcic told a Danske Bank conference in

See Full Page