Opening statement before the Standing Senate Committee on Banking, Commerce and the Economy
20 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 20 Apr 2023 · Tiff Macklem Wiki · Bank of Canada Wiki Opening statement before the Standing Senate Committee on Banking, Commerce and the Economy Context Opening statement by Tiff Macklem, Governor of the Bank of Canada, before the Standing Senate Committee on Banking, Commerce and the Economy, Ottawa, Ontario, 20 April 2023.
Why it matters Macklem tells senators it is unclear whether policy is restrictive enough.
Problems raised Inflation remains well above the 2% target. It is unclear if policy is restrictive enough. Upside inflation risks remain. Solutions proposed Hold the policy rate at 4.5%. Assess whether tightening is sufficient. Stand ready to raise rates further. 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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