· Tiff Macklem Wiki · Bank of Canada WikiEconomic progress report - controlling inflation
Read full speech on bis.org ↗ContextRemarks (delivered virtually) by Tiff Macklem, Governor of the Bank of Canada, to the CFA (Chartered Financial Analyst) Society Toronto, Toronto, Ontario, 3 March 2022.
Why it mattersMacklem explains what Canadians can expect from rate rises.
Problems raised
- Inflation is too high in Canada.
- Russia's invasion adds uncertainty.
- Demand exceeds supply.
Solutions proposed
- Raise interest rates to control inflation.
- Explain what Canadians can expect.
- Monitor the effects of the war.