Rogers: Bank of Canada to continue rate hikes - Breaking The News

Rogers: Bank of Canada to continue rate hikes

8 September

1 min read

EPA-EFE/ROMAN PILIPEY

Senior Deputy Governor of the Bank of Canada Carolyn Rogers commented on Thursday on the economic situation in the country, saying that the inflationary pressures are broad-based and adding it will take some time to get inflation to its target of 2%.

She mentioned the bank might face some issues on that road, while also stressing the country will probably face another rate hike on its path to stabilization.

Previously in June this year, Canada marked the largest yearly change in consumer inflation since 1983, standing at 8.1%.

inflation interest rate bank of canada rogers

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