ECB's Vujcic says energy prices are still very close to the ECB's baseline scenario

The ECB's Vujcic indicating that energy prices are still very close to the central bank's baseline scenario suggests stability in the inflation outlook, which may alleviate some pressure for aggressive rate hikes. This aligns with a more cautious policy approach, potentially supporting a steadier path for EUR and influencing fixed income markets positively. Overall, this statement reinforces the ECB's stance that prevailing energy prices are manageable within their current economic framework.