A slew of Governing Council members spoke to CNBC at the International Monetary Fund’s annual meeting in Washington, D.C. this week.
A slew of Governing Council members spoke to CNBC's Karen Tso at the International Monetary Fund's annual meeting in Washington, D.C. this week.
"Well, if you say you're data dependent, you are data dependent. I don't want to anticipate on what the data are going to tell us. There might be discussion, indeed, on whether we need to remove restriction faster than we thought, or not. Again, depending on the data. A 50-point move would be a big move, so I think it would only be justified if we have data, which would be, you know, going down on inflation.
"After that, we need to look at the incoming data, the trends in the data that we have been observing. And certainly, 50 basis points can be on the table, because we continue to be data dependent, and the data we are getting points in that direction."Are we risking a structural undershoot of our inflation target? I don't think so. And why not? Well, look at wages.
"If things really get as bad as some claim, we can have another 25 , 50? I would say at the moment with the data, no.""This discussion about 25 or maybe something different is not helpful. We are living in a very uncertain environment so we have to wait for the new data and then we have to decide.
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