- We are getting closer to a point where we pause or halt cuts.
- I think R* cannot be any reliable guide for monetary policy in real time.
- Restriction has come down significantly, up to a point where we can no longer say with confidence that our policy is still restrictive.
- Savings rate has started to come down.
- Domestic inflation is still high.
- Wage growth is still elevated.
- We’ve seen new shocks to energy prices.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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