Opening statement before the House of Commons Standing Committee on Finance
30 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 30 Oct 2023 · Tiff Macklem Wiki · Bank of Canada Wiki Opening statement before the House of Commons Standing Committee on Finance Context Opening statement by Tiff Macklem, Governor of the Bank of Canada, before the House of Commons Standing Committee on Finance, Ottawa, Ontario, 30 October 2023.
Why it matters Macklem tells MPs the bank stands ready to raise rates further if needed.
Problems raised Inflation remains above target. Core inflation measures are not easing enough. Higher rates weigh on households. Solutions proposed Hold the policy rate at 5%. Watch core inflation for signs of easing. Stand ready to raise rates further if needed. 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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