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Kozicki: Rebalancing the economy while managing risks
Good afternoon. I am delighted to be here in Regina and would like to thank you for this opportunity to speak with you today. Before I begin, I would like to take a moment to congratulate a local winner of this year’s Bank of Canada Museum Award for Excellence in Teaching Economics. Andre Boutin Maloney of Bert Fox Community High School in Fort Qu’Appelle developed an interactive trading post simulation that combined the teaching of Indigenous history and economic principles. Congratulations to Andre and the entire class. The 2024 edition of this award launched recently. If you know of a deserving economics ... (full story)
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BOC'S KOZICKI: INFLATION HAS COME DOWN BUT IT IS STILL TOO HIGH; THAT TENDS TO MEAN REAL INTEREST RATES NEED TO REMAIN HIGH.
— Breaking Market News (@financialjuice) September 19, 2023
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BOC' KOZICKI: VOLATILITY IN CPI DATA OVER LAST COUPLE OF MONTHS IS NOT UNCOMMON, BUT UNDERLYING INFLATION HAS SEEN LITTLE RECENT DOWNWARD MOMENTUM.
— Breaking Market News (@financialjuice) September 19, 2023
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BOC'S KOZICKI: WE'LL CONTINUE TO EVALUATE WHETHER EVOLUTION OF EXCESS DEMAND, INFLATION EXPECTATIONS, CORPORATE PRICE-SETTING AND WAGE GROWTH ARE CONSISTENT WITH ACHIEVING 2% TARGET.
— Breaking Market News (@financialjuice) September 19, 2023
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BOC'S KOZICKI: WE ARE PREPARED TO RAISE THE POLICY RATE FURTHER IF NECESSARY.
— Breaking Market News (@financialjuice) September 19, 2023