Why there is 'no obvious reason' for lower interest rates

Inflation & Monetary Policy - The industry views it as difficult to argue for lower rates currently due to uncertainty about future inflation [1] - The industry notes that the pass-through of tariffs into higher prices has been modest so far, but it is still in the early stages [1] - Inflation is a key concern [2] - The industry believes there are no overwhelming signs of weakening economic activity that would necessitate monetary policy stimulus [2] - Current monetary policy stance is not considered tight [2] - There is no obvious reason for lower rates [2]