On September 18th, Rogers, the second most senior deputy governor of the Bank of Canada, said that although the cooling of price pressures is good news for the central bank and Canadians, it is not yet time to declare victory. "There is still a lot of work to be done," she said, "we must stick the landing." On Tuesday, Statistics Canada reported that Canada's annual inflation rate in August dropped to the central bank's target level of 2%, the lowest level since early 2021. The two core inflation indicators favored by the Bank of Canada have slowed down, with the annual average inflation rate dropping from 2.55% a month ago to 2.35%. Rogers said policy makers hope to see potential price pressures continue to ease, and added that the central bank hopes overall inflation will return to the target "sustainably," and expects turbulence to occur in the process. She also noted that there will be a large amount of economic data released before the central bank's next interest rate decision on October 23rd.