Bank of Canada must stay the course to combat risk of sticky inflation, Governor Tiff Macklem says

Bank of Canada must stay the course to combat risk of sticky inflation, Governor Tiff Macklem says

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The Bank of Canada is “staying the course” to combat the risk of inflation getting stuck above 2 per cent, Governor Tiff Macklem said Thursday, in a mildly hawkish speech that suggested the central bank intends to keep interest rates high even as inflation declines quickly. At the same time, he…

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