May 20, 2022 13:26 GMT
MNI BRIEF: Freeland Confident In BOC Amid Global Inflation
(MNI) Ottawa
(MNI) Ottawa
Canadian finance minister underscores her confidence in the BOC's independent work.
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Canadian Finance Minister Chrystia Freeland said Friday she's confident in the independent work of the national central bank. Freedland spoke after a leading opposition lawmaker said Governor Tiff Macklem should be fired.
Speaking on a call with reporters from a G7 meeting in Germany, Freeland referenced a global jump in prices linked to things such as the Ukraine war and said the independence of the central bank has served Canada well for decades.
The BOC, already on a tightening path, will hike by at least another 50bp at its June 1 meeting, a former adviser told MNI (MNI INTERVIEW: BOC May Need 75BP June Hike- Ex Adviser Ambler).
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