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.
financialpost If the bankofcanada is looking for some experience so they are not 'surprised' going forward. I am retired today, had a mortgage through the 80's at over 15%, lived with double digit inflation from the 80s on. I have a lot of experience, common sense, looking for part time work.
financialpost This is where Canada is headed under the Liberal NDP Party…
financialpost His resignation is way overdue.
financialpost 'Surprise Rate Hike' 🤣😂🤣😂🤣 Prostitute media can't even research their own broadcasts! 😂🤣😂🤣😂 It was predicted 2 years ago!
financialpost I lived through mortgages being 8 percent. People now are spoiled and financially stupid. Live with it.
financialpost How does this guy still have a job and why does he have no accountability to the public
financialpost I have been one of Tiff Macklem biggest critics but he is now getting it right. The problem now is government. The Trudeau Liberals and some provincial governments (BC) are clearly financially illiterate. This will force interest rates to go higher than they otherwise would.
financialpost Don’t believe anything this man says. bankofcanada.
financialpost Here's some 🇨🇦 taxpayers money ..maybe we should recover some of it? taxhavens corporate & elite taxevasion 🤢🆘 cdnpoli
financialpost They have literally been wrong on every single topic for since March 2020, this 🤡 needs to get booted out and we need someone with half a brain to replace him.
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: CP24 - 🏆 30. / 67 Read more »
Source: VancouverSun - 🏆 49. / 61 Read more »