BoC Macklem concerned that inflation progress has slowed

<p>BoC Governor Tiff Macklem said in a speech overnight that 2% inflation target is now in sight”. However, he cautioned, “we are not there yet and we are concerned progress has slowed”. Also, “monetary policy still has work to do”. In a bid to harmonize the potentially conflicting risks of “under- and over-tightening,” BoC opted […]</p>
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