- We already have plenty of data to make our decision in September
- Disinflation and a weak economy support a Sept cut
- Downtrend in inflation is on track
- We are still seeing strong services inflation
- The disinflationary process has been ongoing since autumn 2022 and it's still going on
- Asked about 50 bps, says they always have to be open
- Says he doesn't want to commit to anything, data dependent
He isn't offering much here, the market is already fully priced for 25 bps.