Macklem defended the decision to raise interest rates to 2.5% last week, saying officials needed to address a buildup of cost pressures and expectations that a larger share of firms would raise their prices over the next 12 months.
Macklem defended the decision to raise interest rates to 2.5% last week, saying officials needed to address a buildup of cost pressures and expectations that a larger share of firms would raise their prices over the next 12 months.