- Need to be wary of outlook and risks for next rate hike
- There are both upside, downside risks to the economy and prices
- If economy and prices move in line with forecasts, then can raise rates gradually
- Difficult to pinpoint to level of underlying inflation
- Have to make a decision not just by looking at whether underlying inflation can hit 2% target, but also consider upside and downside risks to our baseline scenario
- As for timing of rate hike, we want to ensure that it is not premature nor is it too late
These are all mostly token remarks by Himino. His other comments from earlier can be found here.
