Macklem in a sentence

Bank of Canada governor Tiff Macklem delivered a speech at the Toronto Region Board of Trade Thursday and said the central bank is ready to step in if stress in the global banking system affects Canada.

But if we do too much, we risk making economic conditions unnecessarily painful for everybody,” Macklem said.

Macklem acknowledged Wednesday that the cumulative rate hikes will strain Canada’s economy and ratchet up the pressure on households, though he maintained it is necessary to slow spending demand and ultimately cool inflation.

While Rogers and Macklem said there were already signs that food prices were going to come down, a more intractable problem is the impact of high interest rates on housing, which remains expensive and in short supply, as many senators and MPs noted.

Bank of Canada governor Tiff Macklem will give a speech to the Canada-United Kingdom Chamber of Commerce on Tuesday in London.

Despite the shift in messaging, Macklem maintained that the central is still open to more rate hikes if inflation doesn't co-operate.

Governor Tiff Macklem addressed concerns over economic uncertainties, highlighting the potential for new U.S. tariffs on Canadian exports under the incoming Trump administration.

Governor Tiff Macklem has said that the central bank won't be responding to each hiccup, but instead will respond to consistent trends.

Governor Tiff Macklem has signalled more rate cuts are coming, as long as inflation continues to slow.

Governor Tiff Macklem indicated the central bank is gaining confidence that inflation is on the right path.

Governor Tiff Macklem, saying he realized monetary policy worked slowly and caused unavoidable pain, declined to lay out a calendar for rate cuts.

However, Macklem cautioned against lowering rates too quickly, emphasizing a cautious approach: “We don’t want monetary policy to be more restrictive than necessary to get inflation back to target.

In remarks prepared for a news conference, Macklem said that the BoC would make rate decisions one meeting at a time and that it is was reasonable to expect further rate cuts if inflation continued to decline.

Last month, governor Tiff Macklem announced a half-percentage point rate cut in response to inflation returning to the bank's two per cent target, but said the size of the next cut would be determined by incoming economic data.

Macklem said that with inflation back at two per cent, it’s clear the Bank of Canada’s benchmark rate no longer needs to be in “restrictive” territory, and said past interest rate cuts are starting to provide a lift to household spending.

Speaking Monday in Winnipeg, Bank of Canada governor Tiff Macklem told reporters that it is “reasonable” to expect additional rate cuts if the economy and inflation evolve in line with the central bank’s expectations.

But you know, that feeling you get in the pit of your stomach is not that different," Macklem said.