BOCs Macklem: Bank targets overall CPI inflation, but cannot ignore shelter costs

More from BOCs Macklem:

  • BOC targets overall CPI inflation, but we cannot ignore shelter costs
  • Looking ahead, neutral interest rate will probably be a bit higher than the 2% to 3% range
  • There will be modest increase in housing prices this year versus decreases last year
  • There is certainly considerable uncertainty around what will happen to housing prices

This article was written by Greg Michalowski at Source