Previous ECB Rate Statement
ECB’s future decisions will ensure that policy rates will be brought to levels sufficiently restrictive to achieve a timely return of inflation to 2% medium-term target and will be kept at those levels for as long as necessary.
Headline inflation has declined over recent months, but underlying price pressures remain strong.

Investors will want to know from the ECB whether July will mark the last increase in rates or whether it plans to continue increasing rates in September.

When the ECB governing council meets this week, no one will be shocked to discover that it elected to raise its policy rates by another 25 BPS.

ECB Rate Decision Reaction