· Tiff Macklem Wiki · Bank of Canada WikiOpening statement before the House of Commons Standing Committee on Finance
Read full speech on bis.org ↗ContextOpening statement (delivered virtually) by Tiff Macklem, Governor of the Bank of Canada, before the House of Commons Standing Committee on Finance, Ottawa, Ontario, 3 March 2022.
Why it mattersMacklem tells MPs that emergency stimulus is no longer needed.
Problems raised
- Inflation in Canada is too high.
- Supply disruptions push prices up.
- Emergency stimulus is no longer needed.
Solutions proposed
- Tighten monetary policy.
- Raise interest rates.
- Explain policy to Parliament.