Opening statement - Standing Senate Committee on Banking, Trade and Economy
1 November 2022 · 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 1 Nov 2022 · Tiff Macklem Wiki · Bank of Canada Wiki Opening statement - Standing Senate Committee on Banking, Trade and Economy Context Opening statement by Tiff Macklem, Governor of the Bank of Canada, before the Standing Senate Committee on Banking, Trade and the Economy, Ottawa, Ontario, 1 November 2022.
Why it matters Macklem explains the 3.75% rate to senators.
Problems raised Inflation is well above target. Demand needs to slow. Supply challenges persist. Solutions proposed Raise the policy rate to 3.75%. Assess effects of tightening. Explain policy to the Senate. 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
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