Negotiated wage growth will remain high and volatile over the remainder of the yearA gradual approach to dialing back restrictiveness will be appropriate if the incoming data are in line with the baseline projectionWe should retain optionality about the speed of adjustment
Lane is putting 50 bps on the table here but it will take a (futher) deterioration in data.
This article was written by Adam Button at www.forexlive.com.
