BRUSSELS - Decisions on the next increases in interest rates by the ECB to "ensure that inflation returns to the medium-term objective of 2% in a timely manner" "will continue to depend on the data".
"How far we need to go and how fast we need to get there will depend on our updated outlook, the persistence of shocks, the reaction of wage and inflation expectations, and our assessment of the transmission of our policy stance."
The president of the ECB Christine Lagarde says it in her speech to the economic and monetary affairs committee of the European Parliament.
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