> BOC's Macklem: If inflation follows our forecasts, we probably won't have to raise rates

BOC's Macklem: If inflation follows our forecasts, we probably won't have to raise rates

Tuesday, 07/02/2023 | 19:09 GMT-0

If inflation doesn't follow our forecasts, then we may have to raise rates again
We need to reestablish price stability
Very conscious we still have a long way to go to get inflation back to 2% target
We expect to see some further slowing in house prices
We're going to need to see 'more rebalancing of the labor market to get back to 2%'