Bank of Canada’s Schembri
– Talks about three new core BOC inflation measures
– Excess capacity has increased due to commodity price drops
– Core measures diverging
If you’re interested in what the BOC is doing on inflation, this is a good speech to read. The central bank is moving away from a single measure of core inflation and using three different readings to try to get a clearer picture. He also outlines the shortfalls of different ways of looking at inflation.
BOC’s Schembri talks about inflation measurement, nothing on direction of rates
ByAdam Button
Feb 9, 2017