This means that the bank has to make judgments about the causes and likely persistence of exchange rate movements, the speed and degree at which exchange rate changes pass through to domestic prices, and the possible impact of exchange rate movements on confidence, and through confidence, on consumption and investment.
Cela signifie que la Banque doit porter un jugement sur les causes et la persistance probable des mouvements du taux de change, la vitesse et le degré de transmission de ces mouvements aux prix intérieurs et leur incidence possible sur la confiance et, sous l'influence de celle-ci, sur la consommation et l'investissement.