- I think we managed to bring inflation down in a timely manner
- But politics must remain in restrictive territory
- Things will be bumpy and things will be gradual
- But in the restriction zone we can go down somewhat
- If inflation visibly approaches the target next year, then we can ensure that rates fall further.
The full piece can be found here (can be closed). This only once again confirms a rate cut at next week’s meeting. Furthermore, Lane also said that “central bankers aspire to be boring” and he is not wrong. It’s more political work than anything else these days.
This article was written by Justin Low at www.forexlive.com.
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