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24.12 - 10:34
Bank of Canada Highlights Concerns Over Supply Chain, Inflation Risks
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OTTAWA -- The Bank of Canada on Thursday signaled its growing discomfort with high inflation and the possibility that supply chain disruptions could last longer than policy makers had anticipated.
Bank of Canada Deputy Governor Toni Gravelle said in a speech that the central bank continues to expect supply constraints, which are pushing up inflation, to ease over time. But he said the possibility that they could turn out to be more persistent was a prominent topic of discussion ahead of this week’s decision to leave the benchmark...
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