BoC’s Mendes: Inflation will fade into the background as it settles at 2%

• Inflation will fade into the background as it settles at 2%.
• This will allow Canadian consumers and businesses to spend and invest with confidence.
• If the economy evolves broadly in line with out forecast, it’s reasonable to expect further rate cuts.
• We will take decisions one at a time.
• If the Bank hadn’t raised rates, long-term inflation expectations mau not have remained stable.

This article was written by Giuseppe Dellamotta at www.forexlive.com.