ECB’s Vujčić: Eurozone growth positive but low

European Central Bank (ECB) policymaker Boris Vujčić said on Thursday that the “Eurozone growth positive but low.”

Additional quotes

I expect to get close to 2% target at the end of 2025.

I expect to reach the target in early 2026.

Market reaction

These comments have little to no impact on the Euro, as EUR/USD remains 0.19% lower on the day near 1.1310, as of writing.

May 22, 2025

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EUR/USD briefly dips as Eurozone PMIs unexpectedly decline

EUR/USD faces selling pressure and falls to near 1.1310 during European trading hours on Thursday. The major currency pair drops as the Euro (EUR) underperforms after the release of the surprisingly weak preliminary Eurozone HCOB Purchasing Managers’ Index (PMI) data for May.