BOC's Kozicki: We are 'prepared to act forcefully' to return inflation to target

This sounds like a hint at a 50 basis point hike next month.

• The pace and size of rate hikes and the start of QT will be active parts of our deliberations
• Inflation in Canada is too high, labour markets are tight and there is considerable momentum
• Households on average appear to be in better financial shape than at the start of 2017-18 tightening cycle
• Household indebtedness is now above pre-pandemic levels
• High indebtedness could amplify the impact of rising interest rates
• Key concern is broadening of price pressures, around two-thirds of components of CPI are now showing inflation above 3%
• Persistently elevated inflation increases the risk that longer-run 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 expectations could drift upward
• Invasion of Ukraine is adding to inflationary pressures

The next BOC decision is on April 13.