The ECB Governing Council warned in a statement that the inflation outlook remains "too high for too long", adding that underlying price pressures remain unclear. Policymakers also said that the ECB will refrain from committing specifically to a new increase at its next meeting in June, saying that any future interest rate movements will be based solely on the impact of upcoming economic and financial developments on inflation expectations. "The Governing Council will continue to take a data-driven approach to determine the appropriate level and duration of restriction," the ECB said. said.