2/3  BIS central bankers' speeches  Of course, the economic outlook is inherently uncertain, and, as always, the appropriate path for the federal funds rate will change in response to changes to the outlook and associated risks. Thank you. I would be pleased to answer your questions. 3/3  BIS central bankers' speeches
We will now report on the outcome of today’s meeting of the Governing Council, which was also attended by the President of the Eurogroup, Finance Minister Dijsselbloem. Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unchanged. Incoming information has confirmed our assessment which led to the cut in interest rates in early May.