BOC minutes: Agreed the likelihood that mon pol was sufficiently restrictive had increased ...Middle East

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BOC minutes: Agreed the likelihood that mon pol was sufficiently restrictive had increased
Agreed that risks to the inflation outlook remained and it might still be necessary to hikeExpressed concern that shelter price inflation could remain elevated, which could make it more-difficult to return inflation to 2%Felt and significant and sustained increase in new home construction would be needed to resolve long-standing structural shortage in supplyAgreed mon pol couldn't solve housing supply problemsConsiderable uncertainty surrounding the outlook for inflationHousing in Canada is going to remain a hot issue for many years to come. This article was written by Adam Button at www.forexlive.com.

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