• Data released ahead of our next meeting will give clearer indication of how far along the „last mile“ we have come

The message remains the same in that they want to see more evidence that inflation persistence is easing before officially pivoting. There will be two more CPI reports before the June meeting – one next week on 22 May and the other on 19 June, just a day before the decision day.

This article was written by Justin Low at www.forexlive.com.