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

<ul><li>We held policy steady because mon pol is working to cool the economy and relieve price pressures</li><li>We continue to assess whether mon pol is sufficiently restrictive</li><li>If inflationary pressures persist, we are prepared to raise our policy rate further to restore price stability</li></ul><p>I think the Canadian economy is headed for a sharp slowdown and recession next year, particularly if rates stay high through May.</p>

This article was written by Adam Button at www.forexlive.com.