European Central Bank (ECB) statement

“We are prepared to ensure that the inflation rate returns to the 2% target in the medium term, and we are prepared to adjust all measures within the scope of that mandate to maintain the smooth functioning of monetary policy.”

“The Board of Directors makes no advance promises about a specific interest rate path”

“There is a high possibility that the inflation rate will continue to exceed the target next year.”

“We will continue to rely on data and determine the appropriate level and duration according to each meeting's approach.”