- Monetary conditions remain restrictive, rates need to come down
- Inflation is easing, must pay attention to weakness in the economy
- Must avoid the risk of pushing inflation well below target
It just reaffirms the policy path they are on now, so it isn’t anything new. But considering the recent data, it might be tough to make a case for a 50 bps push in December. We’ll see what November holds though.
This article was written by Justin Low at www.forexlive.com.
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