“Much higher” interest rates will be needed if inflation sticks, says Macklem

The Bank of Canada’s interest rate hikes this year have “begun to work” to cool Canada’s overheated economy and slow inflation, the central bank’s Governor said on Monday. 

The Bank of Canada’s interest rate hikes this year have “begun to work” to cool Canada’s overheated economy and slow inflation, the central bank’s Governor said on Monday.  Mortgage Rates & Mortgage Broker News in Canada 

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