If the economy doesn't slow down enough for supply to be able to catch up, yes, domestic inflation won't come down in line with our target and we will have to raise interest rates further—
On February 16th, 2023. See this statement in context.
On February 16th, 2023. See this statement in context.
February 16th, 2023 / 11:35 a.m.
Governor, Bank of Canada
If the economy doesn't slow down enough for supply to be able to catch up, yes, domestic inflation won't come down in line with our target and we will have to raise interest rates further—
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