Lagarde Sintra
  • Everyone in the economy can decide our reaction function
  • Inflation is heading in the right direction
  • Question is whether there are permanent changes in services inflation
  • We don't need to have services at 2%, it depends on the weights in the index
  • We need to make sure second-round effects are 'out of the window'
  • The rising number of trade restrictions is worrisome
  • It is very likely that we will go back to ultra-low rates