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

The European Central Bank’s interest-rate cutting campaign is almost over, Governing Council member Boris Vujcic said. “I would agree that we are nearly done,” the Croatian central-bank chief told reporters on the sidelines of a Dubrovnik economic conference.

Europe's stocks were rising, with investors convinced that the continent's central bank will slash interest rates again on Thursday. The flagship Stoxx 600 index rose 0.4% in morning trading. Frankfurt's Dax was also up 0.