However, neither Morneau nor Sousa have any interest in putting pressure on the Bank in this way. They depend on the Bank to maintain low interest rates to keep their debt-servicing charges manageable, and are perhaps even hoping that the recent upbeat in inflation continues, making it easier for them to deflate away the federal and provincial debt loads. In the 2015 federal election, as in most of them, monetary policy never came up as an issue. No party was opposed to the Bank of Canada’s low-interest-rate policies, but only the Liberals assumed that these low interest rates would continue for years to come, and used that as a rationale for a string of deficits.