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BoC’s Macklem: There Was ‘Broad Consensus’ at IMF/World Bank Meetings That Inflation Is Most Immediate Threat to ‘Current and Future
BoC’s Macklem:
— *seven (@sevenloI) October 14, 2022
- There Was ‘Broad Consensus’ at IMF/World Bank Meetings That Inflation Is Most Immediate Threat to ‘Current and Future Prosperity’
- ‘There Was a Clear Resolve to Restore Price Stability’
Added at 4:02pm
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BoC’s Macklem:
— *seven (@sevenloI) October 14, 2022
- Whatever September CPI Shows, Economy Will Still Be in Excess Demand, Labor Markets Tight and Inflation Too High
- We Will Be ‘Watching Closely’ U.S. Economy, Inflation and Rates and ‘Factoring That in As We Take Decisions in Canada’
Added at 4:02pm
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BoC’s Macklem:
— *seven (@sevenloI) October 14, 2022
- Noting Recent Canadian Dollar Depreciation Against U.S. Dollar, Says if It Persists ‘We’re Going Have More Work to Do on Interest Rates’
- Tightening Global Financial Conditions Still ‘Orderly’
- Reiterates Canada Interest Rates Need to Head Higher