The MPR says that all the inflation measures, presumably CPI All-items and the three new core measures, should converge to the two percent target rate by the end of the forecast horizon, i.e. 2018Q4. This seems highly improbable, but in any case, the MPR doesn’t forecast these series as it did the CPIX series that they replace as the operational guide, so they have not mapped out a path for how these core measures will get there.  This is quite unacceptable. It is understandable that the Bank of Canada may be having buyers’ remorse about these series, but if they are going to use them as the operational guide, then they should provide forecasts for their values as they do for the CPI All-items. The Bank of Canada already provides much less information to the public than its peers. It desperately needs to become more transparent; instead it is becoming more opaque in ways that would never be tolerated by a business press that had a spine.