• Still have many degrees of flexibility to react to upside or downside shocks
• Have a good degree of confidence at arriving at 2% inflation target

As much as he is trying to sell that they are flexible, there’s only one outlook on their policy stance right now. And that is for lower rates. That especially since the economy, while resilient in Q1, is still relatively soft.

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