BOC's Macklem: Time to pause and assess whether policy is sufficiently restrictive

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BOC's Macklem: Time to pause and assess whether policy is sufficiently restrictive
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BOC's Macklem: Time to pause and assess whether policy is sufficiently restrictive – by eren_fxstreet BOC CentralBanks

"Bank of Canada has raised rates rapidly, now it's time to pause and assess whether monetary policy is sufficiently restrictive.""If we need to do more to get inflation to the 2% target, we will; if upside risks materialise we are prepared to raise rates further.""Economic growth and spending in H2 2022 were stronger than forecast, our overheated economy did not cool as much as we had expected.

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