BOCs Macklem: Expects supply factors will work their way through

Time Stamp: October 7, 2021 12:51 PM
Source Node: 1121627

More from BOC's Macklem

BOCs Macklem answers some questions

BOC Governor Macklem had no comments on the economy in his prepared remarks, but is sharing some of his views after his speech:

  • Factors impacting inflation or more persistent than we previously thought
  • Expects supply factors that are contributing to inflation, will work their way through
  • Not seeing evidence that wages are becoming an independent source of inflation
  • It may take a little longer than previously thought to work through the frictions in the labour market

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