- Not ruling out further tightening if needed
- Understand that current situation is difficult for households
- But that is why it is important for us to get on top of inflation
- Reports of a peace deal in the Middle East is good news
- Flow of data has been consistent with our expectations
More comments from the Q&A session:
- We already had an inflation problem before the Middle East conflict
- If oil prices settle down and supply chains settle, that will help with inflation so that it doesn’t get super-charged
- But we still need to ensure that the inflation problem before the war is addressed
- Unless we have low and stable inflation, we won’t have a good economy
- People should not be surprised to see a slowdown in the economy as we address inflation
- This has to happen, we have to get inflation back down
More to come..
This article was written by Justin Low at investinglive.com.
