The timing of an introduction of minutes is annoying because it comes just as the BOC explicitly signaled it will be on the sidelines.
- BOC debated whether to maintain or remove forward-looking language
- BOC felt it was important to be clear about the conditionality of any pause, given inflation was well above target
- Expressed concern that tighter mon pol could have a greater-than-expected effect on the housing market
- Officials were in broad agreement on the need for a pause
