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BOC's Macklem: If we see signs inflation stuck materially above 2%, we could hike again

BOC's Macklem: If we see signs inflation stuck materially above 2%, we could hike again
There's a risk inflation will get stuck materially above 2%Expect inflation to decline to about 3% this summerWe are encouraged by progress so far but getting inflation back down to 2% is going to be more difficultFor inflation to 2%, labor market needs to rebalance and corporate pricing behaviour needs to normalizepersistent wage growth in 4-5% range will make it hard to reach 2% targetReemergence of pervasive global financial stress could have major spillover results for CanadaWhat counts as '... Read More
Posted: May 4 2023, 16:53
Author Name: forexlive
Views: 0818100

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