Slowing inflation is “definitely our assessment,” European Central Bank President Christine Lagarde said Saturday, and the ECB is determined to bring prices back to their target, Bloomberg reported.

“We are determined to return inflation to 2%. According to our estimates, we will achieve this in 2025,” the head of the ECB told the Greek publication Kathimerini.

Lagarde explained that she was unconcerned about the political implications of the ECB’s efforts, which have been criticized by some European governments worried that high interest rates will stifle economic growth.

“Our mandate is to ensure price stability, and this is the best contribution we can make to social peace and to society, especially to its most vulnerable members,” the ECB representative said.

At its monetary policy meeting on October 26, the European Central Bank took a break from the longest cycle of rate hikes in the institution’s 25-year history, noting that the latest data showed inflation slowing slightly to its 2% target. Thus, the interest rate on the main refinancing operations and the interest rates on the marginal lending line and the deposit line will remain unchanged at the level of 4.50%, 4.75% and 4.00%, respectively. This is the highest level of interest since the introduction of the euro in 1999.

Lagarde said that the key performance indicators of the economic and financial situation in Greece show “improvement in all aspects”.

In October, the financial rating agency S&P Global revised the country’s rating to “investment grade” (recommended for investment) after 13 years during which it was downgraded to “junk” (not recommended for investment).

“I understand that several reforms are underway, but overall the results of the country’s efforts are impressive,” Lagarde assessed.