Bank of Canada’s Macklem:
- The latest CPI number was certainly encouraging
- Good news for Canadian citizens
- Right now is not time to be thinking about cutting rates
- We do not have to wait until inflation is back to 2% before we cut interest rates, but we do need to wait until it’s clear that we are on that path to hitting 2%
This article was written by Greg Michalowski at www.forexlive.com. Source