Bailey: Staff believe we’re about 70% through the transmission of monetary policy

  • We are seeing an uptick in loan impairments but compared to history, this is nothing
  • What happens to inflation in the spring is not what will determine the stance of monetary policy

Bailey is saying he expects a spring dip in inflation but says that won’t be enough for him to cut rates.

This article was written by Adam Button at www.forexlive.com. Source