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

forecasts showing inflation remaining above the ECB’s 2 per cent target without further policy action...

I've come to understand that the revolver needs to be at the temple of the politician with a finger on the trigger before they're willing to say no to anyone.

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

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