June 07, 2024 at 12:28PM
But we are also maintaining some prudence
Our forecasts point to no inflation slowdown in June through to August
We are sensitive to some hiccups in the disinflation process
The point on June to August being no slowdown in price pressures is in other words a mask that they will stay on hold until September at the earliest. Once again, this effectively rules out a move in July.
This article was written by Justin Low at www.forexlive.com.