BOC's Beaudry: Bank will continue to do whatever is necessary to restore price stability

• Direct effective monetary policy communication has an important role to play
• We are paying close attention to how this recovery differs from others
• We don't want monetary policy to be an additional source of uncertainty
• The more effective the BOC can be in its guiding role 'the greater the chance of a soft landing'
• Thnks August inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term of 7.0% is 'still too high' although data show we're headed in the right direction

I think the Bank of Canada is going to be the first to pivot and there are some nuggets here that suggest it's not far off. The October meeting is priced for an 89% chance of 50 bps with the remainder at 25 bps. The latter has grown since today's CPI report.