Bank of Canada’s Rogers says ‘decisive’ policy needed
Senior deputy says house prices are unsustainably high
Bank of Canada senior deputy governor Carolyn Rogers gave her first speech since joining the bank on May 3, promising “decisive” action against inflation.
“With the Canadian economy starting to overheat, we can’t let demand get too far ahead of supply or we risk adding further to inflation,” Rogers said. “That is why the bank has taken concrete and decisive actions.”
She highlighted the central bank’s recent rate hikes and quantitative tightening, which aim to curb demand, partly by increasing
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