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Delivering price stability - learning from the past, preparing for the future

· Tiff Macklem, Governor of the Bank of Canada (Canada)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, financial stability, payments, digital money and crypto-assets, trade, fragmentation and geopolitics

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· Tiff Macklem Wiki · Bank of Canada WikiDelivering price stability - learning from the past, preparing for the future

ContextRemarks to the Greater Vancouver Board of Trade in British Columbia; the Bank of Canada keeps inflation low and stable and is cutting rates as inflation returns to target.

Why it mattersThe governor reviews lessons from the inflation episode as rates come down from their peak.

Problems raised
  1. War and protectionism add to vulnerabilities.
  2. AI and non-banks bring risks.
  3. Underlying inflation is hard to measure.
Solutions proposed
  1. Learn from the past to deliver price stability.
  2. Improve cross-border payments.
  3. Refine measures of underlying inflation.
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