I think there are several elephants in the room (1) the interest rates that really matter to Canadians - mortgage rates and business loan costs - are way more influenced by U.S. capital markets than Canada's central bank rate, and these rates have already gone up. The Bank of Canada has no influence on this. (2) monetary policy when the bank rate is this low is proving itself toothless (except for transient effect on the exchange rate) so this obsessive interest on what the Bank of Canada does is misplaced nostalgia. (3) the really difficult issue facing the Bank of Canada is what will drive the domestic economy as household debt is a serious risk and exports (and investment) are seriously disappointing. The main question for Canadians is when will public opinion insist on fiscal action by the Trudeau government.