Bank of Canada signals hawkish stance: Does not want to act too slowly on rate hikes, oil prices become key risk.

Zhito Finance APP has learned that Bank of Canada Governor Macklem stated that if inflationary pressures show signs of being more persistent, policymakers do not want to act too slowly on raising interest rates. As the Middle East conflict pushes up energy prices, the risk of Canadian inflation remaining elevated is rising, and monetary policy may need to respond to this.