- We would cut interest rates if inflation falls outside price stability range over the medium-term
- In the meantime, we can have negative inflation prints in the short-term
- But what is more important is how inflation will trend over the medium-term outlook
- We do not give any forward guidance, will decide things quarter to quarter
- Not limited in currency market interventions
- When we think it is the correct action, we will do so
He’s definitely much chattier today as they finally decided to pause after six consecutive rate cuts stretching back to March last year. All of this of course is just to justify their position in not wanting to push rates back to negative territory, at least for now.
This article was written by Justin Low at investinglive.com.
