If this pattern is confirmed,  BIS central bankers’ speeches  5  the Governing Council is determined to act, even with unconventional policies, to ensure that in the medium term price developments do not diverge from the desired path.
I’m going to spend some time today discussing the Bank of Canada’s outlook for the Canadian economy and inflation, and how we are responding. But in order to understand the current economic situation, we need to look at some of the extraordinary events of the past year or so and how those events have affected the economy.