We have covered a lot of ground and have made great progress in this fight against inflation. We are moving towards our goal. We will only know when we have reached this goal – a medium-term inflation target of 2% − by looking at the economic and financial data. And we will base our actions on our assessment of these data. I hear some people say that the final rate hike will take place in September. There could be a further hike of the policy rate or perhaps a pause. A pause, whenever it occurs, in September or later, would not necessarily be definitive. Inflation must return durably to its target. We are in an ... (full story)