More from Bank of Canada’s Macklem:Rates unlikely to go back down to pre-Covid levels

More from Bank of Canada’s Macklem:

• Rates unlikely to go back down to pre-Covid levels
• Reiterates that even when we start reducing interest rates, it is likely to be a pretty gradual path
• reiterates that the central bank could start cutting rates before inflation hits 2%. Sites importance of seeing a sustainable decline in inflation
• If a federal carbon tax were to be eliminated, inflation would drop for one year and then go back up to where it otherwise would have been
• If we cut interest rates and that begins for weaken the Canadian dollar, that is something you take into account with how much you need to reduce interest rates.

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This article was written by Greg Michalowski at www.forexlive.com.