The broadly target-consistent gain in an average of the Bank of Canada’s preferred CPI-trim and CPI-median core measures in March will persuade policymakers to look through the jump in the all-items CPI at next week’s meeting. However, the risk of inflation expectations becoming unanchored is growing as the war nears the two-month mark.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
