European Central Bank's Vujčić: Inflation has reached the target, but the economy still faces risks

November 7th, Golden Ten Data — European Central Bank Governing Council member Wuiticic reiterated his view that the current policy is “in good shape,” adding that once inflation is brought down to the ECB’s target without triggering a recession, “we believe our work is done.” However, Wuiticic also highlighted risks facing the European economy. He expressed concerns about fiscal discipline among eurozone member countries and signs of excessive valuation in financial markets. He specifically mentioned that retail fund performance has outpaced hedge funds, which is a worrying sign. “This is often a signal that some not-so-good things are about to happen.”