Reflections on 2022
December 15, 2022
December 15, 2022
Advocacy
Governor Tiff Macklem discussed the important lessons from events in 2022 and what the Bank is doing to restore price stability for Canadians in a speech delivered to the Business Council of British Columbia on Monday.
“To get back to low, stable and predictable inflation we need to reduce demand and give supply a chance to catch up. It will take time for higher interest rates to bring inflation back to target, but the good news is that they are starting to work.” Macklem says.
