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MNI BRIEF: Freeland Confident In BOC Amid Global Inflation

Credit: Bank of Canada
(MNI) Ottawa

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).

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