, the Bank of Canada will have to keep rates high until for the next two years in order to reach its two per cent inflation target rate, David Dodge, senior advisor at Bennett Jones, and former Bank of Canada governor, told BNN Bloomberg in an interview on Tuesday.
“What it will require is continued— rather elevated— interest rates right through 2024, right into 2025,” he added. The process of the BoC moving inflation from three per cent down to it’s two per cent target rate will get stickier, Doyle explained. He is calling for the bank to stay the course in the long run.“It makes it very hard to achieve disinflation when we continue to have growth and when we continue to have by historical standards pretty robust labour markets,” he said.
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: nationalpost - 🏆 10. / 80 Read more »
Source: financialpost - 🏆 7. / 85 Read more »