BoC's Macklem: Reiterates Canada needs higher interest rates, inflation is too high By Frank_Macro BOC Inflation InterestRate
in Canada will need to be lifted and said that inflation is too high and is going to be elevated for longer than we previously thought, reported Reuters. Demand is beginning to run ahead of the economy’s productive capacity.
Reiterates it may be appropriate to pause our tightening once we get closer to the neutral rate and then take stock.may need to take rates modestly above neutral for a period to bring demand and supply back into balance and inflation back to target. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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