Recent economic indicators have been mixedSome data has been a little softer than expectedThis has given the Board some confidence that inflationary pressures are decliningMonetary policy remains restrictive and is working as anticipatedNeed to see more progress on underlying inflation, some price pressures are still remainingWant to bring inflation down without causing a spike in unemployment
There’s nothing that jumps out as she reaffirms a slight shift in their policy stance amid the softer data recently. That said, she’s continuing to emphasise that inflation still remains far too high for their liking for now.
This article was written by Justin Low at www.forexlive.com.
