Release of the Monetary Policy Report
25 October 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 25 Oct 2023 · Tiff Macklem Wiki · Bank of Canada Wiki Release of the 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, 25 October 2023.
Why it matters Macklem holds at 5% but keeps further hikes on the table.
Problems raised Further easing in inflation is likely to be slow. Inflationary risks have increased. Core inflation remains high. Solutions proposed Maintain the policy rate at 5%. Look for more easing in core inflation. Be prepared 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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