BOC's Schembri: Inflation expectations will be tested in pandemic

Comments from the BOC deputy

• BOC target helps to anchor inflation expectations
• Consumers believe inflation is higher than measured
• BOC committed to restoring economy

As usual, central bankers are only focused on the downside with inflation. He's saying that if expectations were lower, than the BOC would have had to do even more. I'm troubled that central banks appear to have lost their fears of price rises.