2025-12-08 11:02:00
- I see no reason to change rates in the coming months, definitely not in December
- FX pass through to prices may not be as strong as expected
- Remaining vigilant to upside risks has become more important
- Overengineering policy around small inflation deviations would introduce unnecessary policy uncertainty
That’s been Kazimir’s stance for a while as he’s also in the neutral camp and wary of upside inflation risks. Nonetheless, he’s also reiterating that responding to small or short-term deviations from the target is counterproductive.
This article was written by Giuseppe Dellamotta at investinglive.com.
