The Financial Post reports in its Wednesday, Sept. 18, edition that the inflation rate finally reached the Bank of Canada's target in August, easing to 2 per cent, its slowest increase since February, 2021. The Post's Denise Paglinawan writes that CIBC economist Andrew Grantham says that with the inflation target achieved, policy-makers should be focusing on cutting interest rates to stimulate the economy and prevent a material undershoot of the inflation target ahead. Mr. Grantham says even though much of the easing relative to July was due to lower gasoline prices, there was good news within core measures as well. He says the only area of price pressure remains shelter, and in particular rents and mortgage interest costs. With gasoline prices falling further into September, headline inflation should ease again in the next release and CPI, excluding mortgage interest costs, could well fall below 1 per cent. Mr. Grantham says, "The bottom line then is that inflation remains unthreatening, the Bank of Canada should now focus on trying to stimulate the economy and halting the upward climb in the unemployment rate." Mr. Grantham forecasts a further 200bp of interest rate cuts between now and the middle of next year.