Finance › Speeches › Tiff Macklem

Economic progress report - controlling inflation

· Tiff Macklem, Governor of the Bank of Canada (Canada)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, trade, fragmentation and geopolitics

TM
· Tiff Macklem Wiki · Bank of Canada WikiEconomic progress report - controlling inflation

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
  1. Inflation is too high in Canada.
  2. Russia's invasion adds uncertainty.
  3. Demand exceeds supply.
Solutions proposed
  1. Raise interest rates to control inflation.
  2. Explain what Canadians can expect.
  3. Monitor the effects of the war.
Read full speech on bis.org ↗

More from Tiff Macklem · Bank of Canada · all speeches

More speeches by Tiff Macklem

Other leaders on monetary policy and interest rates