Lower economic growth necessary to bring inflation down: BoC senior deputy governor

OTTAWA – Bank of Canada senior deputy governor Carolyn Rogers says the journey back to two per cent inflation will take time and that a period of lower economic growth is necessary to bring inflation down. The Thursday speech to Calgary Economic Development comes one day after the Bank of Canada raised its key interest rate by three-quarters of a percentage point and indicated higher interest rates … Continue reading Lower economic growth necessary to bring inflation down: BoC senior deputy governor