As well as monitoring various indicators, it’s also important to analyse the reasons that led to a change in those indicators, because it’s not a matter of using monetary policy to cement a particular interest rate level.
The aim is merely to prevent a premature deterioration in the funding environment, which would drag on the economic recovery and thus on the inflation outlook as well. Considering what might be behind the change in the indicators is particularly relevant, not least in 3/5  BIS central bankers' speeches  the current situation.