The Bank of Canada will not deviate from its relentless focus on its monetary policy mandate to achieve low, stable and predictable inflation. Events beyond our borders have important influences on the outlook for inflation in our country.
They must be considered in tandem with domestic factors, including the strength of domestic demand, the evolution of potential growth, and the health of our financial system. As we prepare to publish our Monetary Policy Report in October, we will continue to monitor carefully economic and financial developments in the Canadian and global economies, together with the evolution of risks.