Must now keep inflation down, well placed to do so.Board ready to take further action if required.This is a confidence cut in rates.This is the right cut for now, more adjustments are possible.Hearing from businesses that margins are being impacted.On alert for potential market crises.At the moment we are not looking at that.The range of outcomes is quite wide.It was a consensus decision, discussed holding rates or cutting.
This article was written by Giuseppe Dellamotta at www.forexlive.com.