- Prior 4.10%
- Underlying inflation is moderating
- Cautious about the outlook
- Need to be confident that inflation progress will continue
- Uncertainty about the outlook abroad also remains significant
- Geopolitical uncertainties are also pronounced
- Returning inflation sustainably to target remains the highest priority
- Statement details to follow..
Traders had priced in ~93% odds of no change coming into the decision.
This article was written by Justin Low at www.forexlive.com.
