The European Central Bank (ECB) has confirmed its commitment to a symmetric 2% inflation target over the medium term, as part of a strategic review reflecting recent inflation volatility. The ECB acknowledged that inflation shocks are likely to become more frequent and has adjusted its monetary policy framework to respond more forcefully to sustained inflation deviations, whether above or below the target. ECB Executive Board member Jose Luis Escriva emphasized that the 2% symmetric goal should remain the primary guide, advocating for vigorous policy actions at critical moments and patience during temporary inflation fluctuations. Additionally, ECB officials including Villeroy and Makhlouf highlighted the need for pragmatism and flexibility amid global uncertainty. Villeroy noted the importance of monitoring exchange-rate volatility and maintaining optionality on interest rates, while Makhlouf stated that inflation expectations remain well anchored and called for greater agility in forward guidance usage.