Opening statement before the Standing Senate Committee on Banking, Commerce and the Economy
1 November 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 1 Nov 2023 · Tiff Macklem Wiki · Bank of Canada Wiki Opening statement before the Standing Senate Committee on Banking, Commerce and the Economy Context Opening statement by Tiff Macklem, Governor of the Bank of Canada, before the Standing Senate Committee on Banking, Commerce and the Economy, Ottawa, Ontario, 1 November 2023.
Why it matters Macklem tells senators that core inflation is not easing enough.
Problems raised Inflation remains above target. Core inflation measures are not easing enough. Higher rates weigh on the economy. 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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