- Asked if anyone wanted to cut, said the focus was ‘very much on holding’
- Repeats there was a ‘clear consensus’ to hold
- Our latest forecasts have increased our confidence that we’ve raised rates enough
- We’re concerned about persistence in underlying inflation
- It’s premature to discuss reducing our policy rate
- We need to see more progress on inflation before having a discussion about cutting rates
- On QT, will take it one decision at a time; we’re still ‘some ways’ from too tight
- We’re trying to balance the risks of too-high rates with too-low rates
- We need to give monetary policy “a bit more time” to let it do its work
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This article was written by Adam Button at www.forexlive.com. Source