‘It’s not working as quickly or as powerfully as we thought’: Tiff Macklem explains why BoC restarted rate hikes

The Bank of Canada wasn’t supposed to be hiking interest rates this summer. Back in January, Governor Tiff Macklem and his team paused their monetary policy tightening, presuming that the barrage of rate hikes over the previous year would be enough to curb economic activity and bring inflation…

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