Ella 
At Monday’s Euro50 meeting, European Central Bank (ECB) Vice President Luis de Guindos emphasized the ECB’s progress on inflation but stopped short of making any changes to the pace of interest rate cuts. Clear predictions.
main summary
There is no pre-commitment to a specified interest rate path.
The risks facing the economic growth prospects are still high, and the economic growth situation tends to be downward.
Consumer spending is expected to strengthen.
Economic activity is gradually improving.
Policy transmission is stronger than expected and may have a downward impact on the economy.
Geopolitical developments continue to pose upside risks to inflation.
The 2% inflation target will be achieved in 2025, but significant risks remain.
Wage growth is showing signs of slowing.
Inflation is now expected to fluctuate around current levels.
The service sector inflation trend has stopped slowing.
There is still a lot of work to be done in dealing with inflation.
Inflation remains headed in the right direction.
