00:00The Governing Council today decided to keep the three key ECB interest rates unchanged.
00:07The outlook for energy prices, while highly volatile,
00:12currently stands close to the baseline of the June Euro system staff projections
00:17and well above the levels recorded prior to the conflict in the Middle East.
00:23Uncertainty remains high and the full inflationary impact of the energy shock
00:28has yet to play out.
00:31We are therefore closely monitoring the intensity and duration of the shock,
00:37as well as its indirect and second-round effects.
00:41We are committed to setting monetary policy to ensure that inflation stabilizes
00:47at our 2% target in the medium term.
Commenti