- I’m worried it would send off an urgency signal that I don’t feel about the strength of the labour market.
- I just don’t see that. I don’t see the need to catch up.
- I favour moving gradually to a more neutral setting over the next year or so.
This is one of those “DUH” moments. Of course a 50 bps cut is not warranted. The data is not signalling urgency at all.
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This article was written by Giuseppe Dellamotta at investinglive.com.