It’s been so long since inflation was a story, it’s easy to forget that at the end of the day, prices are all the Bank of Canada is allowed to care about.
Policy makers sought to remind us of that this week.
When the central bank left interest rates unchanged on Wednesday, it emphasized that inflation was right at its rough target of two per cent. And the first speech by one of the institution’s leaders since early July was based on, you guessed it, the Bank of Canada’s latest thinking about inflation.
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