There were different views on how much more assurance was needed to be confident that inflation was on a sustainable path back to targetSome members felt there was a risk of keeping policy more restrictive than neededGoverning Council was split over when to cut ratesIt's interesting that they're split as the market also appears to be 50/50 on cutting at the June meeting. Today's softer reatil sales report probably helped tilt them to a cut but the meeting is still six weeks away with much more data to come. This article was written by Adam Button at www.forexlive.com.
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