Bank of Canada chief flags risk of waiting too long to raise rates
Bloomberg reports that Governor Tiff Macklem said policymakers don’t want to be late to raise interest rates if inflationary pressures prove more stubborn.
TLDR
Bank of Canada Governor Tiff Macklem warned about the risk of delaying a rate hike too long, Bloomberg reports. His concern was conditional: policymakers don’t want to be late to act should inflationary pressures prove more stubborn.
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