Bank of Canada’s Poloz: Inflation target is ‘sacrosanct to us’

  • Sequence may already be under way in Canada returning to self-sustaining, self-generating growth
  • Inflation expectations well anchored but BOC must validate those expectations to maintain credibility
  • No comments on interest rates in opening statement

He’s off to a bad start in my books, using a difficult-to-spell word like ‘sacrosanct’

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