Arab Canada News
News
Published: October 16, 2023
Governor of the Bank of Canada, Tiff Macklem, stated that the rise in government bond yields could lead to tightening financial conditions in the country, but it is not a substitute for the interest rate policy aimed at calming inflation.
He added that the rise in bond yields reflects financial market expectations that the central bank will need to raise interest rates to bring inflation back to its targeted level of 2%.
He clarified that policymakers should not overreact to monthly price fluctuations and should not overlook the structural changes in the post-COVID economy.
Thursday, 03 July 2025
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