We can now focus on stabilising inflation with policy rates as our primary tool.
Christine Lagarde
The Public Record
★ Featured Quote
July 3, 2026
This was a decision based on what we saw in front of us.
— Christine Lagarde
forecasts showing inflation remaining above the ECB’s 2 per cent target without further policy action...
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.
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.
I think we would (all) do exactly the same thing as our colleague, Jay Powell, does. The same thing.