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MNI: Fraying World Trade Making CPI Higher, More Volatile- BOC

Governor Tiff Macklem tells London audience increased supply shocks will lead to more monetary policy trade-offs.

Bank of Canada Governor Tiff Macklem said Tuesday that monetary policymakers face more difficult choices as a fraying commitment to global trade tends to make inflation faster and more volatile.

Supply disruptions alongside the fading post World War II commitment to globalization also point to higher prices alongside slower economic growth, Macklem said in the text of a speech he's giving in London to the Canada-UK Chamber of Commerce. 

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Bank of Canada Governor Tiff Macklem said Tuesday that monetary policymakers face more difficult choices as a fraying commitment to global trade tends to make inflation faster and more volatile.

Supply disruptions alongside the fading post World War II commitment to globalization also point to higher prices alongside slower economic growth, Macklem said in the text of a speech he's giving in London to the Canada-UK Chamber of Commerce. 

Keep reading...Show less