Opening statement before the House of Commons Standing Committee on Finance
16 February 2023 · 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 16 Feb 2023 · Tiff Macklem Wiki · Bank of Canada Wiki Opening statement before the House of Commons Standing Committee on Finance Context Opening statement by Tiff Macklem, Governor of the Bank of Canada, before the House of Commons Standing Committee on Finance, Ottawa, Ontario, 16 February 2023.
Why it matters Macklem explains the pause after raising rates to 4.5%.
Problems raised Inflation remains well above target. Upside risks remain. The economy is slowing. Solutions proposed Raise the policy rate to 4.5%. Pause to assess the effects of tightening. Stand ready to act if needed. 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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