Protectionism won’t divert Bank of Canada’s inflation focus – Wilkins

Carolyn Wilkins
Carolyn Wilkins
International Monetary Fund

Worsening trade relations with the US will not modify the Bank of Canada’s goal of prioritising stable inflation, deputy governor Carolyn Wilkins said on September 6.

On September 5, the central bank’s governing council kept rates unchanged at 1.5%. However, it said recent economic data had reinforced its assessment that “higher interest rates will be warranted to achieve the inflation target”.

This would imply Canadian rate-setters will not shy away from tightening financial conditions even

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