Jason Wong
Jason Wong
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,
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,
charge policy
But we aren't in charge of the policy lever.
case longer prolonged
But that is no longer the case after such a prolonged and significant increase.
bounce obviously risk technical weak
It was obviously a technical bounce after a very weak run, which was always the risk.
data further hike late month rate sure
One more rate hike late this month is a sure thing, but further tightening is data dependent.
below continued easier economy expecting friendly growing labor later market monetary policy relatively survey
With the economy growing below potential, labor market indicators probably continued to ease. The survey should be relatively friendly for those expecting easier monetary policy later in the year.
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.