European Central Bank (ECB) Governing Council members Mārtiņš Kazāks and Olli Rehn reaffirmed the institution’s commitment to returning inflation to its 2% target. Kazāks, who is also governor of the Bank of Latvia, said on [Date] that the ECB is well positioned to act if necessary. Rehn, who is also governor of the Bank of Finland, said on [date of speech] that anchored inflation expectations are essential to the credibility and effectiveness of monetary policy. Their remarks indicate that future interest-rate decisions will remain data dependent, with policy potentially staying restrictive until inflation is convincingly on track toward 2%.