Christine Lagarde, President of the European Central Bank, indicated a structural shift in the euro area economy due to AI investments, while maintaining that interest rate decisions will be data-dependent amidst high uncertainty. The ECB decided to keep interest rates unchanged and emphasized a meeting-by-meeting approach without forward guidance. Growth projections for the euro area were slightly revised upwards, with AI identified as a key growth driver. Lagarde also discussed the digital euro and the issue of frozen Russian assets, asserting that decisions on these matters lie with political leaders. Market reactions were generally positive, with praise for Lagarde's communication skills.