Watch and review the Bank of Canada's release of Monetary report from last week (link below). Answer the questions below.

https://www.youtube.com/live/gWYWfIQ2AKA?feature=share

1. Per the conference, what is Bank of Canada's inflation target for consumer prices? 5 Marks
2. What did CPI inflation decline to in December? 5 Marks
3. What does the Bank of Canada expect core inflation to do in the months ahead? 5 Marks
4. What are higher interest rates doing to household spending? 5 Marks
5. What is the forecast for growth in GDP for 2023 and 2024? 10 Marks
6. What does the Bank of Canada expect inflation to be by the middle of this year? Will it be in line with the target mentioned in question 1? 10 Marks
7. What are the banks expectations of the housing market in the first two quarters of this year? 5 marks.What are the mentioned factors on why the housing market may not decline as much? 5 marks