Christine Lagarde

Headline inflation is expected to return to around target towards the end of 2027, supported by the effects of higher interest rates.

We believe inflation will be longer lasting than we had anticipated.

Forecasts showing inflation remaining above the ECB’s 2 per cent target without further policy action...

This was a decision based on what we saw in front of us.

The basics have not changed. But what it takes to apply them has changed.

We can now focus on stabilising inflation with policy rates as our primary tool.

My duty is to accomplish the mission, price stability, and for the moment that is what guides my action.

I have a sense of duty and I believe that when there’s a bit of a storm, the captain remains on deck. So the captain of the European Central Bank is on deck.

I think fair use would consist of an operational loan that would be using cash balances as collaterals.

I see signs that the attraction of the dollar is slightly eroded.

First of all, I would discount a little bit of the positioning at the moment because this is typical of negotiating tactics on both sides.