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BOC's Macklem: We are concerned that progress in bringing down inflation has slowed

BOC's Macklem: We are concerned that progress in bringing down inflation has slowed
We are prepared to raise rates again but don't want to raise rates than we have toThe longer we wait, the harder it is likely to be to reduce inflationMon pol might not be restrictive enough to restore price stabilityBank is concerned that larger-than-normal price increases for goods and services remain broad basedWe are not trying to kill economic growthThe biggest contribution to the slowing in inflation since the peak last year has been from energy, which accounts for two-thirds of the slow... Read More
Posted: Sep 7 2023, 17:56
Author Name: forexlive
Views: 110224

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