November 21st, Stournaras, member of the European Central Bank Governing Council and Governor of the Bank of Greece: The European Central Bank's policies have been successful in combating qualcomm inflation. It is expected that the euro area will achieve the 2% inflation target at the beginning of 2025. The central bank interest rates will remain restrictive for a period of time. The necessity for the European Central Bank to avoid inflation falling below the target is increasing. The euro area's economic growth still faces downside risks. Financial conditions are tightening, which has already had an impact on the euro area's economic growth.