Christine Lagarde: “First of all, I would discount a little bit of the positioning at the moment because this is typical of negotiating…”

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

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

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.

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