1/ 💭In 2020 when the Bank of Canada urged us to go out and spend because rates would be low for a long time? They even kept the overnight rate at 0.25% and launched quantitative easing. 💸 The goal? Boost the pandemic economy. #BoC #LowRates #Economy 📉

2/ Fast forward to 2021, and the BoC reassured everyone that inflation was just “temporary” 🙃. Spoiler: it wasn’t. Turns out supply chain disruptions weren’t going away anytime soon. 🚢📈 #TemporaryInflation #InflationWoes #BankofCanada

3/ Now, in 2023-24, the Bank says we’ll hit the magical ✨2% inflation target by 2025. The journey? Bumpy. 🌪️ After rate hikes in 2023, inflation is still far from target. ⏳ #InflationGoals #BoC #MonetaryPolicy 📊

4/ From "low rates for a long time" to "temporary inflation" and now a promise of 2% by 2025. 🎢 Will they get it right this time? 🤔 #BoC #Economy #InflationCrisis #FinancialFuture 💡
#BoC #LowRates #Economy