- 50 bps rate cut was considered in May
- But it was quickly dismissed
- We considered 50 bps just for the sake as an alternative
- But the firm decision was a 25 bps rate cut
- We’re not swinging around at all
It’s easy to say now after the fact but these were her words at the time. I mean, if she had said all the above at the time, there would’ve been less confusion perhaps. So, I don’t want to be one to point fingers but..
This article was written by Justin Low at www.forexlive.com.
