BOC’s Macklem: Further easing in inflation is likely to be slow and risks are high

  • We held policy steady because mon pol is working to cool the economy and relieve price pressures
  • We continue to assess whether mon pol is sufficiently restrictive
  • If inflationary pressures persist, we are prepared to raise our policy rate further to restore price stability

I think the Canadian economy is headed for a sharp slowdown and recession next year, particularly if rates stay high through May.

This article was written by Adam Button at Source