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today we lowered our policy rate by a further 25 basis points to 4 and a half% this decision reflects three considerations first monetary policy is working to ease broad price pressures second with the economy and excess Supply and slack in the labor market the economy has more room to grow without creating inflationary pressures and third as inflation get closer to the 2% Target the risk that inflation comes in higher than expected has to be increasingly balanced against the risk that the economy and inflation could be weaker than expected today we lowered our policy interest rate a further 25 basis points to 4.5% this decision reflects three key considerations first monetary policy is working to ease broad price pressures second with the economy and excess Supply and slack in the labor market the am the economy has more room to grow without creating inflationary pressures and third as inflation gets closer to the 2% Target the risk that inflation comes in higher than expected has to
