ECB Mustn’t Be Complacent on Inflation, Vujcic Says

ECB Governing Council member Boris Vujcic warned against complacency on inflation despite recent progress, emphasizing persistent economic and geopolitical risks during remarks to EU lawmakers in February 2026. Vujcic’s comments come ahead of his expected confirmation as the ECB’s next vice president, signaling a cautious stance on monetary policy amid lingering uncertainties in the eurozone’s economic outlook. While inflation has returned to the ECB’s medium-term target, Vujcic stressed that the current environment—marked by geopolitical tensions and volatile markets—demands continued vigilance from policymakers to prevent resurgence. His remarks underscore a broader shift in the ECB’s tone, balancing recent successes in taming price growth with warnings that external shocks could still disrupt stability and necessitate further intervention. The warning reflects growing consensus among central bankers that premature easing could undermine hard-won gains, even as political and economic pressures mount to normalize policy sooner.