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Add as a preferred source on GoogleMacklem Says Carney’s Fiscal Plans Are Not Currently Complicating Inflation Fight
Inflation and employment data may shape the Bank of Canada’s next decision, scheduled for Dec. 9.
Tiff Macklem, governor of the Bank of Canada, says Prime Minister Mark Carney’s fiscal plans are not currently making it harder for the central bank to control inflation as Ottawa increases spending to support growth.
The Bank of Canada has said further increases may be needed if inflationary pressures persist.
The next Dec. 9 rate decision will follow inflation and employment data that may influence the bank’s policy outlook.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.