Staying the course to price stability
4 May 2023 · Tiff Macklem , Governor of the Bank of Canada (Canada)
Summary written by Dark Majestic in its own words · topics: inflation and price stability , labour markets and jobs
TM 4 May 2023 · Tiff Macklem Wiki · Bank of Canada Wiki Staying the course to price stability Context Remarks to the Toronto Region Board of Trade in Ontario; the Bank of Canada keeps inflation low and stable and holds rates to finish bringing inflation down.
Why it matters Macklem says services inflation and a tight labour market keep the bank on course.
Problems raised Services inflation remains high. Labour market is tight. Inflation expectations are elevated. Solutions proposed Stay the course to price stability. Rebalance the labour market. Normalise corporate pricing. Read full speech on bis.org ↗ More from Tiff Macklem · Bank of Canada · all speeches
More speeches by Tiff Macklem Other leaders on inflation and price stability
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