European Central Bank President Lagarde: There was no discussion of what it means to "maintain interest rates at current levels for a sufficient period of time."

European Central Bank President Lagarde: We will continue to adopt a data-dependent approach.

Italian government bonds continued to rise, with the 10-year bond yield falling 11 basis points to 4.34%.

Standard Chartered Bank: Turkey is expected to raise interest rates by 500 basis points at the September meeting.

European Central Bank President Lagarde: But the vast majority of people support the European Central Bank’s decision.

European Central Bank President Lagarde: We have analyzed GDP and inflation, and central bank governors in some countries are more inclined to suspend interest rate increases.

European Central Bank President Lagarde: Some long-term inflation indicators have risen and require careful observation.

European Central Bank President Lagarde: The European Central Bank received a large amount of data and analyzed it by staff.

European Central Bank President Lagarde: The European Central Bank is ready to adjust all tools as needed.

European Central Bank President Lagarde: The current interest rate level will help achieve the 2% inflation target.

The European Stoxx 50 index expanded its gains to 1%, reaching its highest point of the trading day.

European Central Bank President Lagarde: Weak demand is a downside risk to inflation.

European Central Bank President Lagarde: Upward risks to inflation include rising energy and food costs.

European Central Bank President Lagarde: Most inflation expectations indicators are around 2%.

European Central Bank President Lagarde: Domestic price pressures remain strong.

European Central Bank President Lagarde: Risks to economic growth are tilted downward.

European Central Bank President Lagarde: Most underlying inflation indicators are starting to decline.

European Central Bank President Lagarde: Service sector inflation is supported by wage growth and tourism.

European Central Bank President Lagarde: The EU governance framework should be completed by the end of the year.

European Central Bank President Lagarde: Governments should continue to reduce relevant support measures. This is critical to avoid pushing up medium-term inflationary pressures, which would otherwise require a tougher monetary policy response.