BoC’s Macklem: Interest rates may now be restrictive enough

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<p>BoC Governor Tiff Macklem, at an event overnight, acknowledged monetary tightening is “working”. He suggested that the existing level of interest rates might be “restrictive enough” to achieve price stability. Addressing the economic outlook, Macklem anticipates a period of softness in the near future. He noted, and highlighted the dissipation of excess demand that previously […]</p>
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