It has caused real problems. It is hard to adjust very quickly to fairly brutal changes in relative prices. It is extremely difficult, and it is extraordinarily challenging.
On May 30th, 2006. See this statement in context.
On May 30th, 2006. See this statement in context.
Governor, Bank of Canada
It has caused real problems. It is hard to adjust very quickly to fairly brutal changes in relative prices. It is extremely difficult, and it is extraordinarily challenging.
See context to find out what was said next.