Christine Lagarde, Boris Vujčić: Monetary policy statement

The Governing Council of the European Central Bank (ECB) decided to keep the three key interest rates unchanged during their latest monetary policy statement. While energy prices continue to rise, posing upside risks to inflation and downside risks to growth, underlying inflation has remained stable so far, and wages have not shown a material response.

The ECB emphasized its commitment to ensuring inflation stabilises at its two per cent target in the medium term and highlighted its readiness to navigate the elevated uncertainty through a data-dependent and meeting-by-meeting approach.

Brief written by urgent.news from ECB Press's own syndicated text. Machine-written — may contain errors; check the original before relying on it.