Restoring labour market balance and price stability
· 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, labour markets and jobs
TM · Tiff Macklem Wiki · Bank of Canada WikiRestoring labour market balance and price stabilityContextRemarks at the Public Policy Forum in Toronto; the Bank of Canada keeps inflation low and stable and faces a very tight labour market.
Why it mattersMacklem explains why too many vacancies keep prices rising.
Problems raised- The labour market is too tight.
- Inflation may become entrenched.
- Raising rates too much could hurt jobs.
Solutions proposed- Restore labour market balance.
- Raise rates enough to stop inflation.
- Balance risks of over- and under-tightening.
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