ECB Rates to Be Restrictive as Long as Necessary: Lagarde

The video discusses the central bank's strategy to achieve a 2% medium-term inflation target. Despite a decline, inflation is expected to remain high, prompting a 25 basis point interest rate hike. The policy rates are deemed sufficient to help return inflation to target levels. Future decisions will be data-driven, considering economic and financial data, underlying inflation dynamics, and monetary policy transmission strength.

What is the medium term target mentioned in the text?

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What action was taken regarding key interest rates earlier this month?

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How long are the key interest rates expected to be set at restrictive levels?

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What factors are considered in the data-dependent approach mentioned?

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What are the three criteria flagged for several meetings?

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