But the Board does not see a strong case for a nearterm adjustment in the cash rate and holds the view that by holding the cash rate steady, it can best assist the achievement of the desired economic outcomes. 1 RBA (Reserve Bank of Australia) (2018), Statement on Monetary Policy, May.
Our policy will remain predictable, and we will proceed at a gradual pace that is most appropriate for inflation convergence to consolidate. In addition, as proved in the past, our forward guidance remains an effective firewall to insulate the euro area 10 / 11  BIS central bankers' speeches  from unwarranted tightening pressures originating elsewhere.