- All our meetings are in play, we take a fresh decision each time
- Need to have confidence that wages are heading in the right direction
- Don’t need to wait for inflation to drop to 2% before cutting rates
- Recent economic developments is obviously good news
- The job on inflation is not done but what we are seeing is encouraging
- Full transcript (may be gated)
There’s nothing surprising from his remarks above. They are merely a rehash of the ones yesterday here with just a bit more colour.
This article was written by Justin Low at www.forexlive.com. Source