But that is no longer the case after such a prolonged and significant increase.
But we aren't in charge of the policy lever.
Capacity pressures remain tight,
Fundamentally, we believe that at this point in the cycle, after one year of sub-trend growth and facing the prospect of one to two more years of the same, and with inflation peaking, the bank shouldn't be tightening policy further,
Inflation is going to remain in the top half of the target range and (it's) all very consistent with monetary policy needing to remain relatively tight for some time,
It was obviously a technical bounce after a very weak run, which was always the risk.
One more rate hike late this month is a sure thing, but further tightening is data dependent.
We have pushed out the timing of the monetary policy easing to June and reduced the cumulative amount through 2006 to 75 basis points.
We're still looking for an easing later this year.
With the economy growing below potential, labor market indicators probably continued to ease. The survey should be relatively friendly for those expecting easier monetary policy later in the year.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.