Central bank governor faces questions on the pace of easing
Testimony before the finance committee is expected to focus on whether the disinflation trend is durable.
- The governor testifies before the finance committee on Friday morning.
- Committee members have signalled a focus on the durability of disinflation.
- No policy announcement is expected during the session.
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The central bank governor appears before the finance committee on Friday, in a session that members from both sides have signalled will focus on whether the recent disinflation is durable enough to justify a faster pace of easing.
No policy announcement is expected. The committee has no authority over the rate decision, and the governor has consistently declined to preview it.
What the session does offer is the clearest read available on how the bank is weighting the labour data against the price data, a question on which the last two sets of minutes were notably ambiguous.
Several committee members have also filed written questions on the balance sheet runoff, which has proceeded faster than the schedule published in January.
AMN will carry the testimony live.