BoC Macklem: It will be a series of increases, not a single increase

[PocketOption]

BoC Macklem: It will be a series of increases, not a single increase

BoC Governor Tiff Macklem told the Senate banking committee yesterday that inflation could stay “uncomfortably high” around 5% over the first half of 2022, and then “coming down fairly quickly in the second half.” However, “there is some uncertainty about how quickly inflation will come down because we’ve never experienced a pandemic like this before.” […]

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