- Energy prices have been high for 8 months and look like they’re going to stay high
- We are seeing more investment in the energy secretary
- Business can absorb higher costs for awhile but ultimately they pass them on
- Our surveys show they are planning to pass on more of these cost increases
He’s referring to this chart from the MPR:
- Even with rates here, our rate is low enough that it’s not restraining growth
- There is no pre-determied path for rates
- There could be a further need for rate hikes but uncertainty is high
- We’re going to take decisions one at a time based on incoming information
- Inflation is looking less likely to be well-contained
- Rogers: We debated a hike and a hold
- Rogers: There was a very strong consensus
- Rogers: What drove the decision was a shift in the balance of risks on inflation
This article was written by Adam Button at investinglive.com.