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Bank of Canada's Macklem flags risk of delaying rate hike too long
Macklem said the bank will watch for inflation to spread as oil stays near $100 and yearly consumer prices remain around 3%, he said.
Bank of Canada Governor Tiff Macklem said policymakers don’t want to be late to hike interest rates should inflationary pressures prove to be stubborn.
6 Articles
6 Articles
Macklem warns inflation could rise — along with interest rates — if oil prices remain high
The Bank of Canada governor said during a speech in Halifax on Monday that the ongoing Middle East conflict and the trade war's escalation have raised the risk that inflation could become more persistent.
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Bank of Canada Governor Tiff Macklem warns of persistent inflation pressures as oil nears $100
Bank of Canada Governor Tiff Macklem warns persistent inflation pressures from oil near $100 could force rate hikes even as tariffs threaten GDP
Coverage Details
Total News Sources6
Leaning Left1Leaning Right0Center2Last Updated67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
Factuality
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