Monetary policy at work
· 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
TM · Tiff Macklem Wiki · Bank of Canada WikiMonetary policy at workContextRemarks to CFA Québec in Quebec City; the Bank of Canada keeps inflation low and stable and explains how rate rises are working.
Why it mattersMacklem explains the conditional pause in rate hikes.
Problems raised- Inflation remains high.
- Services inflation must cool.
- Supply must catch up with demand.
Solutions proposed- Pause rate increases to assess.
- Monitor core inflation.
- Return inflation to 2%.
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