The Bank of Canada's policy framework is flexible enough to allow the inflation rate to climb back up to the bank's 2% target more slowly than on average, Governor Stephen Poloz said on Monday.
OTTAWA - The Bank of Canada’s policy framework is flexible enough to allow the inflation rate to climb back up to the bank’s 2% target more slowly than on average, Governor Stephen Poloz said on Monday.
The comments by Poloz, whose successor Tiff Macklem takes over on June 3, marked the second time in less than a week that he has made clear current record low interest rates were unlikely to increase any time soon. “Our policy framework does give us flexibility in the time it takes to get inflation back to target which allows us to make tactical decisions to avoid unintentionally making financial stability concerns worse,” he added.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Johnson & Johnson to Stop Selling Talcum Baby Powder in U.S., CanadaThe company cited declining demand for its decision to cease sales of the product in the U.S. and Canada. Its talc-based baby powder is the subject of thousands of lawsuits alleging links to cancer.
Read more »
Trudeau asks bank CEOs for views on economy, COVID-19 relief - Globe and MailCanadian Prime Minister Justin Trudeau has spoken to the heads of the country's six big banks to get their views on the state of the economy and the COVID-19 relief efforts, the Globe and Mail reported on Sunday, citing multiple sources.
Read more »
Thai central bank governor Veerathai will not seek 2nd termThailand's central bank governor Veerathai Santiprabhob, whose five-year term ends on Sept. 30, will not apply for a second term because of family reasons, the Bank of Thailand (BOT) said on Monday.
Read more »
Israel's Netanyahu says he won't miss West Bank annexation opportunityIsrael will not miss a 'historic opportunity' to extend its sovereignty to parts of the West Bank, Prime Minister Benjamin Netanyahu said on Monday, calling the move one of his new government's top tasks.
Read more »
Andrea McLean looks effortlessly cool in Phase Eight jumpsuit on Bank Holiday MondayThe Loose Women presenter wore a khaki one-piece for Monday's edition of the show.
Read more »
Gordon Ramsay riles up Cornwall locals with all-day beach trip on Bank HolidayGordon Ramsay had no qualms bragging about his 'beautiful' Bank Holiday weekend with his kids in the gorgeous Cornish setting
Read more »