Christine Lagarde: “Forecasts showing inflation remaining above the ECB’s 2 per cent target without further policy action...”

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.

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

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