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Macklem alludes to importance of  business own price plan expectations

CANADA

Paraphrasing response in the BoC press conference: "[Policy setting] is not an entirely model-driven exercise as they have limitations, particularly when going through something as unprecedented as a pandemic and war in Europe. Models need to be supplemented with other kinds of info, e.g. BOS and consumer surveys which can be useful with more forward looking information. Business forward looking own price expectations encouragingly are coming lower, look forward to seeing that in incoming data."





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