1 These views are my own and do not necessarily reflect those of my colleagues on the  Federal Reserve Board or the Federal Open Market Committee. 2 See Board of Governors of the Federal Reserve System (2022), "Federal Reserve  Issues FOMC Statement," press release, December 14. 4/4  BIS - Central bankers' speeches
Turning to an analysis of current economic and monetary developments, after the decision on 10 May to lower the key ECB interest rates by 25 basis points, at its meetings in June the Governing Council considered that, on the basis of the information available, the current level of key ECB interest rates was appropriate to ensure price stability in the euro area over the medium term.