Opening statement before the House of Commons Standing Committee on Finance
18 April 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 18 Apr 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, 18 April 2023.
Why it matters Macklem tells MPs that upside inflation risks worry the bank.
Problems raised Inflation remains well above the 2% target. It is unclear if policy is restrictive enough. Upside inflation risks worry the Bank. Solutions proposed Hold the policy rate at 4.5%. Assess whether tightening is sufficient. Explain policy to Parliament. 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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