- We are attentive to risks of further upward pressure on inflation
- It's certainly a possibility to move rates up more quickly as we go through the year
- Expectation is still that inflation will head down in the second half of the year
- We expect inflation to remain high through the middle of the year and then come down more sharply next year
- Monetary policy bites with a lag; will hit more in 2023 and 2024
- We will be looking to see whether the data show an expected improvement on inflation
- We will take the steps to ensure high inflation does not become entrenched
- Wage increases are running at above the pace of sustainable inflation
- Job market is tight to an unhealthy level
- There's a mis-alignment of demand and supply in the labor market
- We do not see a firmly-entrenched wage price spiral
There has been a swift reversal in the US dollar during the press conference. I can't pin that on anything he's said.
