• We're looking at the same data as markets are
  • But won't say if pricing is right or wrong
  • Our assessment depends on the data
  • Difficult to say that we have any bias on policy
  • We probably still feel that policy is still restrictive
  • It all depends on what the outlook towards the economy is
  • Can't just take the monthly CPI at face value, need to take it with a grain of salt while scrutinising other details
Source: Investing Live