Others may involve a major detour. In worst-case scenarios, there are risks of running aground, or even capsizing. In all cases, we have to anticipate as well as react. The Bank’s Governing Council sets the policy interest rate with the goal of achieving our 2 per cent inflation target.
In contrast, home equity loan growth has recently been brisk as borrowers tapped their existing lines of credit. Unlike mortgage loans, home equity loans tended to remain on bank balance sheets. Abstracting from a couple of  12  Bank subsidiaries were rolled up to the bank holding company level.