Services price inflation and domestic inflation pressures remain elevatedThere might be a slight rise in services price inflation in August, before easing for the rest of the yearWatching services prices very carefullyShould not adjust our course with every data surprise that comes inThere is still a question on whether persistent component of inflation can return to 2% sustainablyNeed to make sure policy is sufficiently restrictive to return inflation to 2% target
This article was written by Justin Low at www.forexlive.com.
