 This week, we decided to keep our key interest rates unchanged. President Christine Lagarde explained how our past rate hikes are pushing down inflation. Here's what you need to know. What does the most recent inflation data show? First, prices for goods and food are no longer going up as much. Second, energy is cheaper than a year ago. On the other hand, prices for services keep increasing a lot. How do we expect things to develop? Our decisions will depend on how we judge the situation based on the new information we receive over time. Give that information makes us more confident that inflation is sustainably moving to our 2% target. We may not need to keep interest rates as high as they are now. If you want to know more, tap the link in our bio.