So, assuming the labor market and financial stability remain in check, the endpoint of the tightening path is highly dependent on the evolution of the inflation data. 4/6  BIS - Central bankers' speeches  The second new sentence in the statement is about "how" we will get to the terminal rate-that is, the pace of rate increases to arrive at that destination.
Turning now to the topic of my speech: We’ve all faced business decisions that offer the opportunity to choose between taking the high road and the low road.