Christine Lagarde: “I think fair use would consist of an operational loan that would be using cash balances as collaterals.”

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

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.

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

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