BoC Governor Macklem: If demand responds quickly to higher rates & inflation moderates, hikes could be paused By Frank_Macro BOC Inflation InterestRate
monetary policy announcement press conference on Wednesday, Governor Tiff Macklem said that if demand responds quickly to higher rates and inflationary pressures moderate, it may be appropriate to pause hikes once we get closer to the neutral rate, reported Reuters. On the other hand, the BoC may need to take rates modestly above neutral for a period to bring demand and supply back into balance and inflation back to target.
"We need higher interest rates," he said, adding that the economy can handle them and reiterating that the BoC will act forcefully if need be. 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.
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