Lagarde Q&A:
We know that we have more ground to cover
25 bps hike had almost unanimous support
All governors determined to tame inflation
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