The dysfunctional 2016 renewal of the inflation-control agreement for which Wilkins shares responsibility makes it difficult for her to make a case for raising interest rates. The BoC itself claims that in keeping the target rate at 2% they effectively hiked the true rate of inflation from 1.5% to 1.7%, so 1.8% is really the new 2%. They could have at least made the CPI ex mortgage interest the new target inflation indicator (the BoC is the only G20 central bank that includes mortgage interest cost in its target inflation indicator) but didn’t make even this modest change. The CPI ex mortgage interest rate inflation rate for April 2017 is 1.8%; if the BoC had lowered the target rate of inflation to 1.8% or 1.5% as it should have done, the new target indicator would already be at or above the target rate. Instead she must argue for tightening when the CPI All-items inflation rate is at 1.6% and the target rate remains at 2.0%.