- We are being challenged on both sides of our mandate
- We have pressure in inflation, particularly in services
- Labour market looks broadly in balance
- We need to maintain a restrictive stance on policy to get inflation back down to our goal
- Forecast to remain above inflation target for probably next 1-2 years
- More difficult to see that tariffs will be a one-time impact
- Will not get to 2% inflation target until end 2027/early 2028
There's not much surprise to her comments as she is one of the more hawkish members on the board.
