ECB President Lagarde says she expects inflation to stabilise sustainably at the 2% target

We are operating in a volatile global environment marked by heightened geopolitical tensions and persistent policy uncertainty. Supply chains are becoming more fragmented, and industrial policies are reshaping global competition. The economy is estimated to have grown by 0.3% in the fourth quarter of last year and by 1.5% in 2025 as a whole – better than what was projected for 2025 at the start of that year. Reiterates data-dependent, meeting by meeting approach. ECB remains focused on price stability and fostering a stronger Europe. A strong currency rests on the solid foundation of strong institutions.