Bank of Canada Governor Macklem Says New Era of Uncertainty Is Not Going Away Any Time Soon - TLT News | RalliesBank of Canada Governor Macklem Says New Era of Uncertainty Is Not Going Away Any Time Soon
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TLT• Macklem says uncertainty, inflation and rates remain key concerns
- Bank of Canada Governor Macklem says the new era of uncertainty is not going away any time soon.
- BOC's Macklem: It could take some time for higher fuel margins to normalise, that is a worry.
- BOC's Macklem: That is a worry because that will add persistence to headline inflation.
- BOC's Macklem: Have cut Q4 annualized growth forecast to 0.75%.
- BOC's Macklem: Expect inflation to drift up a little higher in coming months.
- BOC's Macklem: Key thing we're going to be looking at is our inflation forecast.
- BOC's Macklem: Question is, is the current rate the right one or do we need to raise it.
- BOC's Macklem: If we were too slow to raise rates, we'd have to raise them very quickly, and raise them more than had we moved earlier.
- Press conference by BOC's Macklem ends.
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