stays too high, the bigger the risk that this high inflation becomes entrenched in people’s expectations.
It takes time for monetary policy to work its way through the economy and bring inflation down. That’s partly why it’s important to get out in front of it. Monetary policy works in the lag. The sooner you get started, the sooner it’s going to work and the sooner that Canadians will see that it’s working and that will validate those expectations.Article content
We have an inflation target. We don’t have an interest-rate target. Getting inflation back to target is paramount. As we move forward, we’re going to take each of those decisions, based on our best judgments at the time, reflecting our assessment of the economy and importantly, our outlook for inflation.
If you look at CPI-common, which is mostly services, it’s gone up from two per cent to almost four per cent. If you look at the CPI in total, almost three quarters, a little over 70 per cent, 72 per cent to be precise, of CPI components are now rising more than three per cent, more than half are rising more than five per cent.
So Jr, in another fit of monetary cluelessness asked: mindlessly and recklessly tossing out hundreds of billions for a few years into an economy that really needed 1/2 of it is bad? And that adding $50B here and there after the event has passed is bad too?
What goes up will eventually come down… but it’s gonna be rough tough for many.
When are we going to stop deluding ourselves that this inflation is caused by an overheated economy which can be regulated with interest rate adjustments and not the result of irresponsible monetary policies and childish globalist energy policies. we are about to starve ourselves
All this guy does is basically follow Jerome Powell. It's too late to put the numbers back to where they used to be. Rate hike won't stop inflation it will just slow it down a little. Time for raises for people who actually go to work
Tiff the stiff
If I was so bad at my job, I would not still have a job. Oh to be rich, white, male and incompetent.
🖕
Macklem should be fired for failing to refuse money printing for the uneducated LPC. Everyone knew Trudeau doesn't have a financial clue, that's no reason to be derelict in duty yourself.
If you are “surprised” by rate hikes you haven’t been paying attention for a long time.
Explaining what everyone else predicted years ago. Got it already.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: CTVNews - 🏆 1. / 99 Read more »
Source: CP24 - 🏆 30. / 67 Read more »