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Bank of Canada's Macklem: Our forecast has inflation moving around 3% most of next year

Bank of Canada's Macklem: Our forecast has inflation moving around 3% most of next year
BOC's Macklem comments in a Globe and Mail articleInflation is going to be around 3% going forwardSurprised by ongoing strength in demand in the economy, and persistence of underlying inflationary pressuresLabor markets have eased a bit but remained a very tightOur forecast has inflation hovering around 3% for next year and then gradually moving back to 2% targetNeed to see a better balance in the labor market and we need to see wage growth moderateDespite the more hawkish tilt, the USDCAD is tr... Read More
Posted: Jul 14 2023, 19:50
Author Name: forexlive
Views: 092012

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