The European Central Bank is "nearly done" cutting interest rates if inflation settles at 2% as expected, ECB policymaker Boris Vujcic said on Saturday.

Inflation at 1.6%; Prior Forecast 1.9% ECB Sees 2027 Inflation at 2%; Prior Forecast 2%

Looking further forward, the ECB is forecasting an inflation rate of just 1.6 per cent for 2026, meaning it would undershoot its medium-term inflation target of 2 per cent.