Bank of Canada governor said no further interest rate hikes will be needed if the economy stalls and inflation comes down. Read more
The central bank has over the last 11 months lifted rates at a record pace to 4.5 per cent to tame inflation, which was 6.3 per cent in December, still well above the bank’s 2 per cent target. Last month, it said it would hold off on further moves to let the effects of past increases sink in.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
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Bank of Canada governor says no new rate hikes needed if economy develops as expectedBank of Canada governor said no further interest rate hikes will be needed if the economy stalls and inflation comes down. Read more
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