00:00Thank you very much. Good afternoon to all of you. The Vice President and I welcome you to our press
00:06conference.
00:08The Governing Council today decided to lower the three key ECB interest rates by 25 basis points, in particular the
00:15decision to lower the deposit facility rate,
00:18the rate through which we steer the monetary policy stance, is based on our updated assessment of the inflation outlook,
00:26the dynamics of underlying inflation and the strength of monetary policy transmission.
00:32The disinflation process is well on track. Inflation has continued...
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