Christine Lagarde: “I see signs that the attraction of the dollar is slightly eroded.”

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

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

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.

We have not debated at all any kind of future path. Markets do what they have to do and we do what we have to do – which is to provide price stability.