Bank of Canada Deputy Governor Rhys Mendes reiterated Wednesday that official debate is shifting to how long to hold interest rates as inflation slows.

“The job isn’t done. Inflation is still too high and underlying inflation pressures are still too broad,” he said in opening remarks for a panel talk at Wilfrid Laurier University. (See: MNI INTERVIEW: BOC Stays Restrictive Through 2024- Ex Adviser)