All our meetings are in play, we take a fresh decision each time Need to have confidence that wages are heading in the right direction Don't need to wait for inflation to drop to 2% before cutting rates Recent economic developments is obviously good news The job on inflation is not done but what we are seeing is encouraging Full transcript (may be gated) There's nothing surprising from his remarks above. They are merely a rehash of the ones yesterday here with just a bit more colour. (full story)