At our June meeting, if our updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission were to further increase our confidence that inflation is converging to our target in a sustained manner, it would be appropriate to reduce the current level of monetary policy restriction.
The discussion about a rate cut next week is not a declaration of victory… unless there is a shock.
Barring a surprise, the first rate cut in June is a done deal, but afterwards we have several degrees of freedom… let us keep our freedom on the timing and pace.
[
Collection
]
[
|
...
]