Luis de Guindos, Vice-President of the ECB Good afternoon, the Vice-President and I welcome you to our press conference. Inflation continues to decline but is still expected to remain too high for too long. We are determined to ensure that inflation returns to our two per cent medium-term target in a timely manner. In order to reinforce progress towards our target, the Governing Council today decided to raise the three key ECB interest rates by 25 basis points. The rate increase today reflects our assessment of the inflation outlook in light of the incoming economic and financial data, the dynamics of underlying inflation, and the strength of monetary policy transmission.

https://www.miragenews.com/monetary-policy-statement-ecb-1084610/

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