Monetary Policy Report
12 July 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 12 Jul 2023 · Tiff Macklem Wiki · Bank of Canada Wiki Monetary Policy Report Context Opening statement by Tiff Macklem, Governor of the Bank of Canada, at the press conference following the release of the Monetary Policy Report, Ottawa, Ontario, 12 July 2023.
Why it matters Canada raises its rate to 5% as disinflation momentum fades.
Problems raised Inflation downward momentum is waning. Progress to price stability could stall. Inflation expectations remain high. Solutions proposed Raise the policy rate to 5%. Monitor core inflation and expectations. Be ready to act 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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