The European Central Bank says it's "fully committed" to fighting inflation.
It comes as the ECB is set to increase its interest rates by 0.25% this lunchtime, the eighth rates hike in a row since the ECB began battling inflation last summer.
When it’s confirmed, it’ will bring the base deposit rate to 3.5%.
In a tweet earlier this month the ECB said it is “fully committed” to fighting inflation.
It said the level of inflation has fallen from the peak in October, but stood at more than 6% in May.
The ECB’s target is 2%, and it says it's “determined” to achieve a timely return to that.
