whetherEmphasis added. Since January, governor Tiff Macklem has been explicit about what he would be doing at the next interest-rate announcement: pushing borrowing costs higher to offset the most dangerous burst of inflation since the early 1980s.Article content
What followed would be the most aggressive series of interest-rate increases since the Bank of Canada and the federal government agreed to use inflation to guide monetary policy in 1991. Following another “jumbo” “There remains a firmness or stickiness to inflation — and to near-term inflation expectations,” said Kozicki, suggesting the central bank could be tempted to raise borrowing costs when it next updates policy on Jan. 25.For the first time all year, policymakers think there’s a chance cost pressures are relenting.
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