BOC's Kozicki: We are moving from how much to raise rates onto whether to raise rates

• BOC decisions will be more data-dependent
• We are moving from how much to raise rates to whether to raise rates
• Governing Council agreed that economy still needs a more-sustained moderation of demand
• 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 remains too high, will take some time to return to 2%
• If we are surprised on the upside, we are still prepared to be forceful
• We recognize that we have raised rates rapidly and effects are working their way through
• We are seeing some signs of slowing demand but are still in excess demand
• Full text

These comments were released 15 minutes ahead of schedule. So far CAD CAD The Canadian dollar (CAD) is the official currency of Canada and at the time of writing is the fifth most-held reserve currency in the world behind only the US dollar, euro, Japanese yen, and British pound.The CAD is commonly referred to as the Loonie by forex analysts and traders. At the time of writing, the CAD accounts for 2% of all global currency reserves.Its appeal is strong among central banking authorities given Canada’s economic strength, sovereignty, and historic stability.Originally i The Canadian dollar (CAD) is the official currency of Canada and at the time of writing is the fifth most-held reserve currency in the world behind only the US dollar, euro, Japanese yen, and British pound.The CAD is commonly referred to as the Loonie by forex analysts and traders. At the time of writing, the CAD accounts for 2% of all global currency reserves.Its appeal is strong among central banking authorities given Canada’s economic strength, sovereignty, and historic stability.Originally i Read this Term is unmoved. This isn't a firm commitment to the sidelines because the BOC doesn't want to be caught being overly dovish if inflation re-accelerates but the market can be fairly comfortable in pricing in no change in rates in January.