- We’re getting very close to the stage to declare that we have sustainably brought inflation to 2%
- Still should be very vigilant about services inflation, which is hovering around 4%
- Some underlying inflation figures are moving in the right downward direction
- Price levels are not going to return to the good old ways
- Puzzled by this impression people have that they don’t have as much disposable income
- Need to be vigilant on wages as well
- We’re coming close to the end of that process where wages have caught up with prices
- Hopefully we don't return to the very counterintuitive system of negative interest rates
- Tit-for-tat retaliation on trade is just bad for the global economy at large
- It could also turn out to be bad for the US economy, for that matter
- Full transcript
Just some overview remarks there by Lagarde but her acknowledgement of the disinflation process just means that they're positioning themselves to keep cutting rates going into next year.