BoC MInutes: Agreed that monetary policy will need to remain nimble

Members agreed if the inflation data began to show evidence that inflation pressures were spreading, it would be a signal that monetary policy tightening is warranted Members agreed that monetary policy will need to remain nimble Members agreed the economic situation presented a dilemma for monetary policy Summary said if USMCA negotiations are unfavourable, its effects on jobs and investment could be felt more broadly through the Canadian economy Members agreed that the economy was weak, operating in excess supply and there was slack in the labour market, but the economy was not in recession Members noted a favourable outcome to USMCA negotiations could restore some certainty and potentially boost investment.