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2026-09-21 23:28:12
[Bank of Canada Governor: Weighing Interest Rate Policy Amid Multiple Constraints] Bank of Canada Governor John Macklem stated that future interest rate policy will depend on two key factors: how businesses and households cope with high energy prices and renewed trade uncertainty. Central bank officials are prepared to adjust monetary policy based on the development of these two major risks. He said, "If inflationary pressures are under control, we do not want to stifle economic growth by raising the policy rate. But if inflationary pressures are becoming more persistent, we also do not want to react too slowly."
