Bank of Canada to Track Longer-Term CPI Expectations For Guidance on Rates, Macklem Says

Bank of Canada Gov. Tiff Macklem said Friday he expects inflation accelerated in March, although likely below 3%, and that officials will pay close attention to medium- and longer-term inflation expectations when deciding whether rate increases are necessary.

Bank of Canada to Track Longer-Term CPI Expectations For Guidance on Rates, Macklem Says
Bank of Canada Gov. Tiff Macklem said Friday he expects inflation accelerated in March, although likely below 3%, and that officials will pay close attention to medium- and longer-term inflation expectations when deciding whether rate increases are necessary.