• We won’t rush or procrastinate rate cuts
• Will move at appropriate pace
• Confident on a soft landing scenario

They have been out en masse today in justifying and reasoning their decision to cut rates yesterday. But overall, there isn’t anything new to add to the picture. A July rate cut can be safely ruled out but one in September is still potentially on the table.

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