① Resolution results: The ECB cut interest rates by 25 basis points, in line with expectations. ② Regarding the future interest rate path: Without promising a specific interest rate path in advance, a data-based, conference-by-meeting decision method will be followed. ③ Regarding inflation: The ECB adjusted its wording. It is now expected that inflation will return to 2% in the “process” of 2025. Previously, the inflation rate was expected to reach 2% in the second half of 2025. Lagarde believes that the downside risk of inflation is likely to outweigh the upside risk. ④ About the economy: The economy is weaker than expected to a certain extent, but I don't think there will be a recession in the Eurozone. ⑤ Regarding oil prices: Lagarde said he is very concerned about oil prices.

① Resolution results: The ECB cut interest rates by 25 basis points, in line with expectations. ② Regarding the future interest rate path: Without promising a specific interest rate path in advance, a data-based, conference-by-meeting decision method will be followed. ③ Regarding inflation: The ECB adjusted its wording. It is now expected that inflation will return to 2% in the “process” of 2025. Previously, the inflation rate was expected to reach 2% in the second half of 2025. Lagarde believes that the downside risk of inflation is likely to outweigh the upside risk. ④ About the economy: The economy is weaker than expected to a certain extent, but I don't think there will be a recession in the Eurozone. ⑤ Regarding oil prices: Lagarde said he is very concerned about oil prices.