Initially, investors were skeptical about any further tightening of monetary policy in coming months, amid escalating tensions between North Korea and the United States, further soft inflation data and uncertainty about the potentially negative effects of hurricanes Harvey and Irma on the economy. (us.beyondbullsandbears.com)
However, avoiding a premature tightening of monetary policy would also seem to be a prerequisite. (us.beyondbullsandbears.com)
At its December meeting, as in earlier months, the Board judged that a further tightening of monetary policy would probably be required in due course, but that there was no need for action in the short term. (rba.gov.au)