My personal opinion is that probably the policy (of leaving rates alone), is about right for now. But there are people who think we have not totally brought demand in line with supply and that further tightening will be needed. |
The market was certainly not prepared for these numbers and it's magnified the rate issue in people's minds. |
The only missing ingredient was inflation, and we got a dose of that today. In hindsight, it was only a matter of time before some of these gains started to show up in the numbers. |