The European Central Bank believes that the interest rate cycle will continue

While it was emphasized that the inflation in the euro area will remain at high levels for the rest of the year, the European Central Bank said, "If our base scenario in March works, interest rate increases will continue to ensure that the inflationary pressures are over. However, it has become more important to act depending on the data in an environment of uncertainty."

The future situation of the interest rates, which have increased by 350 basis points since July last year, is being discussed by the officials of the European Central Bank.