BoC's Patterson: Our primary mandate continues to be to reach 2% target
|Lynn Patterson, the Deputy Governor of the Bank of Canada, is answering questions after her introductory speech, with the key quotes, via Reuters, found below:
- Bank thinks about implications for equity markets as part of its inputs for decision-making
- often data is telling us something but we have lags in data
- ultimately we put it all together and use our judgement in policy decision
- We're seeing growth broaden across a number of industries, labor mobility
- Recently we've seen some inflation below our 2 pct target, had expected in MPR to see that until later this year
- In data last week seeing differentiation between services and goods inflation
- Our primary mandate continues to be to reach that 2% target
- U.S. uncertainty manifesting itself primarily in business investment outlook
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