- Job market is stable right now
- Committed to getting inflation back to target
- Committed to ahving ‘open mind’ about monetary policy outlook
- Supported decision to hold at the last meeting
- ENergy prices volatilie, data suggests it can be looked through
- Data suggests policy is ‘mildly restrictive’
- If mon pol not restrictive enough, data will show sticky high inflation
She doesn’t sound like she’s ready to fight to raise rates but is leaning that way. The market is pricing in a 62% chance of a September rate hike.
This article was written by Adam Button at investinglive.com.