Tiff Macklem
Bank of Canada makes modest rate cut
Economists disagree over wisdom of decision at time of above-target inflation and soft labour markets
Inflation expectations rising due to tariffs – BoC’s Macklem
Governor says Canada’s central bank will pursue policy that works in multiple scenarios
Tariffs will induce structural change in Canada – Macklem
Increased trade frictions with US will hurt country’s economy but represent “new reality”, says governor
Central bankers from Americas respond to Trump’s tariff shock
Canadian, Mexican, Colombian and Fed governors speak of post-Covid realities at BIS conference
Bank of Canada cuts rates and ends quantitative tightening
Macklem says monetary policy cannot offset negative effects of tariffs
Bank of Canada opts for another 50bp cut
Governor says Trump tariffs would be “highly disruptive” if implemented as proposed
Bank of Canada cuts policy rate by 50bp
Governor says further cuts likely as bank puts emphasis on keeping inflation stable
Bank of Canada reduces rates by 25bp
Macklem says runway for a soft landing is in sight and policy is working
New measurement shows ‘historically high’ Canadian financial stress
Financial fragility is concentrated among renters and some mortgage holders, paper says
Bank of Canada holds interest rate targets
Governor expresses fear of underlying inflation becoming stuck above 2% target
Bank of Canada holds rates steady for fourth consecutive decision
Underlying inflation far too persistent, argues governor
Bank of Canada holds rates steady
Macklem says it’s clear the stance of policy is restricting inflationary pressures
Fiscal policy may complicate fight against inflation, says Macklem
Bank of Canada governor warns projected spending may ‘not be helpful’ for monetary policy
Bank of Canada holds policy rate again at 5%
Central bank suggesting rates will stay high as inflation remains strong
Macklem warns Canadian politicians against rates lobbying
Governor says politicians’ letters could suggest ‘operational independence is at risk’
Bank of Canada holds rates steady amid political pressure
Regional heads send letter to governor Macklem calling for an end to rate hikes
Bank of Canada raises rates despite falling inflation
Governor warns progress towards price stability “could stall”
Why fear, paranoia and distrust swirl around CBDCs
Populists and conspiracy theorists are exacerbating public concern about retail CBDCs. What can central banks do about it?
Global recession possible, Canadian governor warns
Tiff Macklem says firms are still raising prices excessively
Bank of Canada officials explain monetary policy transition
Central bank publishes first record of monetary policy meeting discussions
2022: The year in review
The invasion of Ukraine left central banks facing yet another exceptional set of challenges. Central Banking looks back at the stories that made the biggest impact this year