Group 1 - The European Central Bank (ECB) is closely monitoring the volatility of foreign exchange rates [1] - The risk of inflation being lower than expected is increasing [1] - A stronger euro may exacerbate the risk of inflation being below expectations [1] Group 2 - U.S. tariffs are not expected to have an impact on inflation [1] - The ECB is currently in a good position regarding interest rates and inflation [1] - The ECB must remain pragmatic and flexible amid global uncertainties [1]