As the Bank of Canada monitors the economy\u0027s response to higher interest rates, governor Tiff Macklem says it is still overheated.
That’s despite the Bank of Canada aiming to slow the economy and cool inflation by hiking its key interest rate to 4.5 per cent, the highest its been since 2007.
“If inflation gets stuck and doesn’t come all the way back to the two per cent target, we are fully prepared to increase interest rates further,” Macklem said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Overheated economy still causing price pressure, BoC governor Tiff Macklem saysThe Bank of Canada governor continued to leave the door open to higher interest rates as he spoke for the first time since the report on January’s job blowout
Read more »
Tiff Macklem is sticking with rate-hike pause despite blowout jobs report — for nowBank of Canada is sticking with its plan to pause interest rates increases — for now, despite a recent job surge. Read more
Read more »
Tiff Macklem is sticking with rate-hike pause despite blowout jobs report — for nowBank of Canada is sticking with its plan to pause interest rates increases — for now, despite a recent job surge. Read more
Read more »
Tiff Macklem is sticking with rate-hike pause despite blowout jobs report — for nowBank of Canada is sticking with its plan to pause interest rates increases — for now, despite a recent job surge. Read more
Read more »
Tiff Macklem is sticking with rate-hike pause despite blowout jobs report — for nowBank of Canada is sticking with its plan to pause interest rates increases — for now, despite a recent job surge. Read more
Read more »
Tiff Macklem is sticking with rate-hike pause despite blowout jobs report — for nowFrom Financial Post Bank of Canada is sticking with its plan to pause interest rates increases — for now, despite a recent job surge. Read more via financialpost
Read more »