Economic progress report - target in sight, but we're not there yet
7 September 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 , growth, investment and productivity , labour markets and jobs
TM 7 Sep 2023 · Tiff Macklem Wiki · Bank of Canada Wiki Economic progress report - target in sight, but we're not there yet Context Remarks to the Calgary Chamber of Commerce in Alberta; the Bank of Canada keeps inflation low and stable and says the inflation target is in sight but not yet reached.
Why it matters Macklem says price growth is nearing the goal but further hikes remain possible.
Problems raised Inflation is falling but not yet at target. Risks of under- and over-tightening must be balanced. Inflationary pressures may persist. Solutions proposed Hold the policy rate at 5%. Be ready to raise rates further if needed. Monitor core inflation and wage growth. 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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