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MNI: BOC Balancing Risks Of Over- And Under-Tightening

(MNI) OTTAWA
OTTAWA (MNI)

Bank of Canada Governor Tiff Macklem told reporters Wednesday officials are still assessing if policy is restrictive enough and are balancing risks around over- and under-tightening.

"We cannot let high inflation become entrenched in the economy," he said in an opening statement in Ottawa after holding the key lending rate at 5% for a second meeting. He also said demand in Canada has slowed more than expected since July, and global geopolitical pressures are boosting inflation risks.

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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