Quote:
Originally Posted by Firebot
These same bozos were calling inflation transitory last year at this same time and kept rates at historical lows to help an election
Our BoC has completely failed in its duty and playing catchup, and clearly losing the battle.
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How long is transitory? Inflation has been a concern for say 7-8 months (generously). If we hit 2023 and inflation has come back to say 4%, does that mean it was transitory?
Also, let's not kid ourselves. Energy was a major contributor and we can see that will be declining in the coming months. It doesn't mean we're out of the woods, but these figures are lagging.