- Monetary policy needs to continue to remain restrictive for sufficiently long until the risks to inflation returning sustainably to 2% has dissipated further
- Monetary policy is not on a pre-set path
- Interest rates remain on a gradual downwards path
- In recent months, evidence that slack is opening up has strengthened; especially in the labour market
- Should recognise that short-term pick up in inflation introduces some further uncertainty
All this is just a rehash of what they have communicated from their policy decision from last week here.
This article was written by Justin Low at www.forexlive.com.
