Once the central bank has established that inflation is on track to reach its 2% target over the medium term, monetary policy decisions at some point in the future will need to be "driven by impending risks, rather than looking backwards".
Once the central bank has established that inflation is on track to reach its 2 per cent target over the medium term, monetary policy decisions at some point in the future will need to be "driven by impending risks rather than looking backwards".
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