Why central banks — including Canada’s — are finding it so hard to get interest rates back to ‘normal’ territory — Financial Post

Central bankers have long been crafting analogies to explain what they do — think taking away the punch bowl. Few have been as devoted to the art as Stephen Poloz. He’s trying to steer the economy back to a place where it can support the kind of borrowing costs that counted as normal before 2008.…

via Why central banks — including Canada’s — are finding it so hard to get interest rates back to ‘normal’ territory — Financial Post