The decision was unanimous.
The scenario also demands flexibility to incorporate data that impact the inflation outlook.
Calibration will depend on inflation dynamics, especially components more sensitive to monetary policy and economic activity, as well as on inflation projections and expectations, the output gap, and the balance of risks.
Risks to the inflation outlook, both upside and downside, are higher than usual.
Trade policy has added to global uncertainties, particularly regarding the extent of the economic slowdown and the heterogeneous effects on inflation across countries.
A set of indicators on local economic activity and the labour market is still showing strength, although there are early signs of moderation in growth.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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