Speaking to a Calgary Chamber of Commerce audience, Tiff Macklem said the central bank is going to take it ‘one decision at a time’ as it seeks to ease inflation to its golden 2% target
Bank of Canada Governor Tiff Macklem may have been speaking to a Calgary business crowd this week, but his message was directed at the entire country: no one should assume the central bank’s battle with inflation is over yet.– prompting a wee bit of relief from mortgage payers. The Canadian economy is showing signs of a cooling down, Mr. Macklem said. Monetary policy is working and inflation has come down significantly from the highs of 2022.
“This time, I think the message is we’re going to be taking it one decision at a time,” Mr. Macklem told reporters on the future of interest rates.governor has done so since 2007, part of Mr. Macklem’s message was that the city and the province are facing the same inflationary pressures as the rest of the country.
But paying attention mostly to core inflation, rather than overall inflation, measures has its limits. Overall inflation still hits people where they live.
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Bank of Canada may need to raise rates again, despite this week's hold: MacklemBank of Canada Governor Tiff Macklem said the central bank may have to raise interest rates further, given inflation may stay high for some time.
Read more »
Bank of Canada may need to raise rates again, despite this week's hold: MacklemCALGARY — Bank of Canada Governor Tiff Macklem says the central bank may have to raise interest rates further, given inflation may stay high for some time.
Read more »
Bank of Canada may need to raise rates again, despite this week's hold: MacklemCALGARY — Bank of Canada Governor Tiff Macklem says the central bank may have to raise interest rates further, given inflation may stay high for some time.
Read more »
Bank of Canada may need to raise rates again, despite this week's hold: MacklemCALGARY — Bank of Canada Governor Tiff Macklem said the central bank may have to raise interest rates further, given inflation may stay high for some time.
Read more »
Bank of Canada may need to raise rates again, despite this week's hold: MacklemCALGARY — Bank of Canada Governor Tiff Macklem says the central bank may have to raise interest rates further, given inflation may stay high for some time.
Read more »