Macklem: Data since last decision increasingly polting to progress

  • We are not taking further hikes off the table
  • We haven’t yet been discussing rate cuts
  • Inflation is still too high, if we don’t do enough we will probably have to raise rates even further

Canadian retail sales, CPI and employment were all higher-than-expected in the latest round, though GDP was a big disappointment.

This article was written by Adam Button at Source