- Over-tightening is not an acceptable position
- Economy already taking a hit, inflation will react
- We are definitely getting to the terminal rate
Even if there have been some signs of price pressures easing, it is too early to make such a judgement surely. It’s a bit careless in my view and speaks to bias that he is leaning towards, which seems to be against his ECB counterparts.
This article was written by Justin Low at www.forexlive.com. Source