The Chief Economist of the European Central Bank, Ryan, stated that the eurozone economy will be in a "significant stagnation" state for the remaining period of 2023; The European Central Bank will maintain high interest rates as long as possible; Inflation still carries unexpected upward risks, and the European Central Bank needs to maintain an open stance on further policy actions; It is expected that the inflation rate will fall back to 2% in 2025; Only when it is certain that inflation will fall to 2% can the European Central Bank begin normalizing interest rate policy; The European Central Bank is still some way from achieving its policy goals and needs to pay attention to the status of salary agreements.