- Views differ on the extent to which more assurances are needed to be sure that inflation is on a sustainable path back to target.
- Some members felt that there was a risk of maintaining a more restrictive policy than necessary.
- Governing Council divided on when to cut rates
Interestingly, they are split since the market also appears to be 50/50 at the June meeting. Today’s weaker retail sales report likely helped push them down, but the meeting is still six weeks away with plenty more data to come.
This article was written by Adam Button at www.forexlive.com.
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