• Frontloading rate hikes is a good idea in this situation
  • It means that we can stop inflation before it becomes entrenched
  • Would like for rates to move up to 3.50% by year-end

Central banking these days have never really been about going "according to plan". Remember when policymakers were telling us that inflation was just 'transitory'? The last echoes of that sentiment wasn't even a year ago. Pfft.