I'm guessing since everyone keeps going on about letting inflation run away they've only read the headline about interest rates being held until unemployment drops.
It clearly states that they will only be reconsidered when unemployment drops to 7% (so may still be held at that point), but more importantly, this policy will be changed if CPI inflation is above 2.5% for 18 - 24 months, or is starting to run away.
It clearly states that they will only be reconsidered when unemployment drops to 7% (so may still be held at that point), but more importantly, this policy will be changed if CPI inflation is above 2.5% for 18 - 24 months, or is starting to run away.
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