Jason Wong
Jason Wong
consistent half inflation monetary needing policy range relatively remain target tight top
Inflation is going to remain in the top half of the target range and (it's) all very consistent with monetary policy needing to remain relatively tight for some time,
bank believe facing growth inflation point policy prospect year
Fundamentally, we believe that at this point in the cycle, after one year of sub-trend growth and facing the prospect of one to two more years of the same, and with inflation peaking, the bank shouldn't be tightening policy further,
case longer prolonged
But that is no longer the case after such a prolonged and significant increase.
easing later looking
We're still looking for an easing later this year.
amount basis cumulative easing june monetary policy pushed reduced timing
We have pushed out the timing of the monetary policy easing to June and reduced the cumulative amount through 2006 to 75 basis points.