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Bank of Canada Governor Macklem expects core inflation to continue to ease gradually

more to come

Bank of Canada Governor Macklem’s opening remarks to the Senate banking committee, he is setting up for a rate cut:

  • Says looking ahead, we expect core inflation to continue to ease
    gradually
  • Data since January
    have increased our confidence that inflation will continue to come
    down gradually
  • We are getting
    closer to being able to cut rates

This article was written by Eamonn Sheridan at www.forexlive.com.

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