• Policy is on restrictive terrain, it isn’t a support to growth
• Rates should remain in restrictive territory for some more time after the summer

Again, they’re just alluding to rates staying high beyond the summer but falling short of actually confirming a rate hike in September. The door is open though and that seems to be all markets need to be convinced, at least for now.

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