Rather than attempt to speak from the perspective of business, let me speak from the vantage point of a central banker. Let me also quickly offer my standard disclaimer: For any hints on what we will do in the upcoming policy statement, please read the guidance in our last policy statement.
I quote: “Significant uncertainty will be resolved in the coming months, including the likely persistence of recent inflationary pressures, the full monsoon outturn, as well as possible Federal Reserve actions.