Lagarde Q&A: We are not pausing, that's very clear

• We know that we have more ground to cover
• 25 bps hike had almost unanimous support
• All governors determined to tame inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term
• Mood was very focused and attentive to all data
• We have covered a lot of ground... we are continuing this hiking process
• This is a journey, we have not arrived yet
• Some governors suggested 50 bps was appropriate, some said 25 bps but none said no change
• There was a very strong consensus around the path we chose
• Reports from corporates regarding borrowing suggest to us that rates are restrictive
• Corporate demand for bank loans was "really, really down"
• We had long discussions about core inflation and underlying inflation
• I'm not here making any commitment to cut at any point

De Guindos:

• Regional banks share business model but it's not applicable to European banking industry