Christine Lagarde: “The basics have not changed. But what it takes to apply them has changed.”

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.

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.

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