The Financial Post reports in its Thursday, April 11, edition that the Bank of Canada left the key overnight interest rate at 5 per cent Wednesday, but Governor Tiff Macklem said a June cut was "within the realm of possibilities." The Post's Barbara Shecter writes that at a news conference after the decision, Mr. Macklem said central bankers are confident in the inflation progress they are seeing and have seen since January, including inflation expectations and corporate pricing activities -- but they need to see it for longer to make sure it is sustained rather than a blip. Mr. Macklem said: "The further decline we've seen in inflation is very recent. We need to be assured it's not just a temporary dip." While the consumer price index and core inflation have eased in recent months, inflation is "still too high and risks remain," the BOC said Wednesday in a statement, adding that its governing council will wait for "evidence that this downward momentum is sustained" before moving rates lower. "Governing Council is particularly watching the evolution of core inflation, and continues to focus on the balance between demand and supply in the economy, inflation expectations, wage growth and corporate pricing behaviour."