Bank of Canada also held its rate at its Wednesday announcement.<p>Meanwhile housing prices rage out of control, many working class people can't afford rent even in peripheral cities, and there's homeless encampments in most public parks. But this is not a factor they consider when setting the rate.<p>And somehow the public narrative has shifted so that high interest rates (not even actually high by historic standards) are to blame for the affordability problem, and not the bubble in housing prices that was created by low interest rates (compounded by low supply) in the first place.<p>Seems the central banks is content with having gotten unemployment rates back up again and wage growth down, and the provincial governments are happy to sit and do really nothing about real estate regulations and serious housing construction while everybody points the finger at the (ineffective and terrible) federal government, who actually can't do much about this situation . Yay.