Group 1 - The European Central Bank (ECB) is prepared to adjust all tools as necessary [1] - The assessment of information and inflation is largely consistent [1] - Future monetary policy stance will be determined by data [1] Group 2 - The economy has shown overall resilience to date [2] - Asset purchase programs and emergency pandemic bond purchases are decreasing at a measured and predictable pace [2] - Decisions will be based on core inflation and transmission strength [2]

Core Viewpoint - The European Central Bank (ECB) is reducing the holdings of its emergency pandemic bond-buying program at a controllable and predictable pace [1] Group 1 - The ECB's strategy aims to ensure a gradual decrease in the bond holdings accumulated during the pandemic [1] - This reduction is part of the ECB's broader monetary policy adjustments in response to changing economic conditions [1] - The pace of the reduction is designed to avoid market disruptions and maintain financial stability [1]

Group 1 - The European Central Bank (ECB) is reducing the holdings of its asset purchase program and the Pandemic Emergency Purchase Program at a controllable and predictable pace [1]