Energy prices have been high for 8 months and look like they're going to stay highWe are seeing more investment in the energy secretaryBusiness can absorb higher costs for awhile but ultimately they pass them onOur surveys show they are planning to pass on more of these cost increasesHe's referring to this chart from the MPR:Even with rates here, our rate is low enough that it's not restraining growthThere is no pre-determied path for ratesThere could be a further need for rate hikes but uncertainty is highWe're going to take decisions one at a time based on incoming informationInflation is looking less likely to be well-containedRogers: We debated a hike and a holdRogers: There was a very strong consensusRogers: What drove the decision was a shift in the balance of risks on inflation This article was written by Adam Button at investinglive.com.