BOCs Macklem: Bank targets overall CPI inflation, but cannot ignore shelter costs

<p>More from BOCs Macklem:</p><ul><li>BOC targets overall CPI inflation, but we cannot ignore shelter costs</li><li>Looking ahead, neutral interest rate will probably be a bit higher than the 2% to 3% range</li><li>There will be modest increase in housing prices this year versus decreases last year</li><li>There is certainly considerable uncertainty around what will happen to housing prices</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.