Bank of Canada Changes Tune as Consumers Show They’re Hurting

(Bloomberg) -- Bank of Canada Governor Tiff Macklem is so confident the central bank has crushed inflation that he’s tweaked its decision-making process — officials are now setting interest rates to prevent price pressures from slowing too much.Most Read from BloombergHarris Just Showed Why Trump Is So Afraid of HerI Changed My Mind. The Fed Needs to Cut Rates Now.What Initial Polling Data Show About the Trump-Harris MatchupStocks Tumble as Wall Street Gets AI Wake-Up Call: Markets WrapHarris Ta

mercoledì 24 luglio 2024 Original article

475 words~2 min read

(Bloomberg) -- Bank of Canada Governor Tiff Macklem is so confident the central bank has crushed inflation that he’s tweaked its decision-making process — officials are now setting interest rates to prevent price pressures from slowing too much.