Governing council said holding rates steady was the right decision for now, but worried about misinterpretation
Deputy governor weighed in on the numbers during a speech in Regina on Tuesday
The increase makes the central bank's next rate decision tougher
Economists say recent slack in the economy will convince the BoC to remain on the sidelines
Overall economic trends point to a slowdown
In a speech on Thursday, BoC governor said reining in inflation is the best way the central bank can support the economy
Central bank says it's ready to raise interest rates further if needed
Most forecasters are convinced the central bank will stay on the sidelines this week
Core measures of inflation eased slightly last month
An increase in July's report probably wouldn't be a complete surprise to the Bank of Canada