OTTAWA — Bank of Canada senior deputy governor Carolyn Rogers says addressing supply problems could help ease inflationary pressures but such policies wou
Rogers and governor Tiff Macklem appeared before the Senate banking committee Tuesday evening and responded to questions from senators about the bank’s monetary policy and the state of the economy.
The officials were asked whether government could play a role in fighting high inflation, and in response, Rogers said policies that address supply issues would help reduce inflation. Last week, the central bank raised interest rates for the sixth consecutive time this year, raising its key interest rate by half a percentage point and indicating rates would have to rise further.
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Opinion: Bank of Canada should now pause rate hikes and reflectBank of Canada should take stock of the impact its hikes have already had and will soon have on the economy and on inflation. Read on.
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Fixing supply issues could help tame inflation but rate hikes still needed: Bank of Canada official\u0027We need to do our job, other policymakers need to do their job,\u0027 BoC senior deputy governor Carolyn Rogers told the Senate banking committee
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Opinion: Bank of Canada should now pause rate hikes and reflectBank of Canada should take stock of the impact its hikes have already had and will soon have on the economy and on inflation. Read on.
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Bank of Canada not ruling out another oversized hike to fight inflationOTTAWA — The Bank of Canada has not ruled out another oversized interest rate hike to fight sky\u002Dhigh inflation, governor Tiff Macklem said on Tuesday,…
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Addressing supply issues not substitute for rate hikes, says Bank of Canada officialBank of Canada senior deputy governor Carolyn Rogers says addressing supply problems could help ease inflationary pressures but such policies wouldn't substitute the need for higher interest rates.
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Bank of Canada not ruling out another oversized hike to fight inflationThe Bank of Canada has not ruled out another oversized interest rate hike to fight inflation, governor Tiff Macklem said. Read more
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