- We have made good progress in bringing inflation back to the target.
- There is still some work to be done on the continued decline of inflation to the level of 2%.
- The focus is on the labor market, wage growth and prices for services.
- The labor market is still very tight by historical standards.
- We can lower interest rates while maintaining a restrictive policy stance.
- The need to maintain a restrictive position on monetary policy to reduce the persistence of domestic inflation.
Under the current situation, traders are still looking forward to the fact that the first interest rate cut from the Bank of England will be in August.
But the move in June is currently priced by traders near 50-50, and the inflation data coming from Britain will be the main driver of the reduction or stabilization of interest in June.
