It's like any other technological project. Things are going to break down. We are going to have to replace things. We are going to have to have spare parts and install those spares.

Bob Castle

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Yesterday we put the skeleton together. Today we hooked up the first parts of the nervous system.

We're going to take our time and be careful. We are prepared for problems.

So far, things have gone very well.

We're still working on exactly what's wrong. We could do a software patch to get through the problems we've seen.

A May rate cut is more likely than not, but the Bank is likely to need to see ongoing signs of lower-than-expected targeted inflation as well as weaker than expected Q1 GDP growth.

— Alan Castle