Members of the Bank of Canada’s governing council were split over how sustainable a recent economic rebound could be, deliberations from the central bank’s rate decision earlier this month show. Those forces normally push the policy rate in opposite directions, leaving monetary policymakers somewhat stuck. Governing council agreed in their July deliberations that with inflation pressures abating and growth picking up, “the trade-off facing monetary policy had diminished.” Such a scenario would likely require a monetary policy response,” the summary of deliberations read. Most economists still expect the Bank of Canada to keep its policy rate on hold for the rest of the year.