Poloz is commenting in his press conference:
- Higher inflation not coming from economic changes
- Downside risks to inflation have clearly diminished since last October
- Blames higher inflation on temporary factors
- Says that if investment and growth don’t improve, inflation will fall below target again
Poloz BOC
For inflation to sustainably hit the inflation target and remain there in 2016, it’s critical that growth return to full capacity by that time. That’s a hint that almost everything has to go right just to get a hike at the end of 2015.
