BoC’s Governing Council Members Recognized Uncertainty Over What To Do With Rates Did Not Mean Inaction - Minutes

Would Need To Carefully Assess How Economic Developments Would Affect The Outlook - Rising Cost Pressures Would Eventually Be Reflected In Core Measures Of Inflation - GC Acknowledged Inflation Expectations May Have Become More Sensitive To Recent Price Changes - Agreed MonPol Can Prevent Energy Prices From Leading To Generalized Inflation - Businesses Are Facing Higher Costs From Non-Energy Imports, Such As Semiconductors And Computer Components