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Monetary Policy Decision

· 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

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· Tiff Macklem Wiki · Bank of Canada WikiMonetary Policy Decision

ContextOpening statement by Tiff Macklem, Governor of the Bank of Canada and Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, at the press conference following the monetary policy decision, Ottawa, Ontario, 4 September 2024.

Why it mattersThe Bank of Canada cuts to 4.25% and now guards against inflation falling too far.

Problems raised
  1. Inflation is nearing target.
  2. The economy could become too weak.
  3. Inflation could fall too much.
Solutions proposed
  1. Cut the policy rate to 4.25%.
  2. Guard against too-low inflation.
  3. Watch core inflation.
Read full speech on bis.org ↗

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