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Placeline/People

City Vaughan

Country Canada

Macklem explains reasons for starting rate hikes

Bank of Canada governor Tiff Macklem says the central bank needed to start raising its benchmark interest rate to dampen spending growth and cool inflation. The Bank of Canada raised its key policy rate to 0.5 per cent this week, and Macklem isn't ruling out larger and faster hikes ahead.

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Unique identifier: CP151901022

Legacy Identifier: b_BoC-Macklem20220303T1440

Type: Video

Duration: 2m49s

Dimensions: 1920px × 1080px 200.15 MB

Usage rights: FOR ONE TIME USE ONLY. NO STORAGE FOR FUTURE USE.

Create Date: 3/3/2022 2:40:00 PM

Display aspect ratio: 16:9