• Wants some evididence that inflation is headed back to 2%
• Considers a 3% policy rate a ‘loose’ estimate of neutral
• There are potentially ‘several’ more rate cuts if progress on inflation resumes
• Goods with higher tariffed content have tended to see larger price increases
• Recent headline inflation was partly pulled down due to base effects

That’s on the hawkish side.

This article was written by Adam Button at investinglive.com.



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