{"id":7777,"date":"2023-04-12T15:40:04","date_gmt":"2023-04-12T15:40:04","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/bank-of-canada-says\/"},"modified":"2023-04-12T15:45:52","modified_gmt":"2023-04-12T15:45:52","slug":"bank-of-canada-says","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/bank-of-canada-says\/","title":{"rendered":"Bank of Canada says rates may have to remain restrictive for longer"},"content":{"rendered":"<p>OTTAWA, April 12 (Reuters) &#8211; Interest rates in Canada may have to stay restrictive for longer to ensure inflation declines to the Bank of Canada&#8217;s 2% target, Governor Tiff Macklem said on Wednesday.<\/p>\n<p>Macklem, speaking after the bank announced that it was holding its key rate at 4.50%, said the central bank&#8217;s governing council had discussed whether rates had been raised enough.<\/p>\n<p>Macklem said that while the bank was encouraged inflation was dropping, the job of monetary policy was not done.<\/p>\n<p>&#8220;We considered the likelihood that the policy rate may need to remain restrictive for longer to return inflation to the 2% target,&#8221; he said.<\/p>\n<p>(Reporting by David Ljunggren, editing by Steve Scherer)<\/p>\n<p>((Reuters Ottawa bureau, david.ljunggren@tr.com))  <\/p>\n<p>Keywords: CANADA CENBANK\/MACKLEM<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/bank-of-canada-says\/bank-of-canada-governor-tiff-macklem-takes-part-in-an\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3B0LY-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3B0LY-VIEWIMAGE\"><\/a><\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/bank-of-canada-says\/file-photo-bank-of-canada-governor-tiff-macklem-takes-part-2\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3B0MS-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3B0MS-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OTTAWA, April 12 (Reuters) &#8211; Interest rates in Canada may have to stay restrictive for longer to ensure inflation declines to the Bank of Canada&#8217;s 2% target, Governor Tiff Macklem said on Wednesday. Macklem, speaking after the bank announced that it was holding its key rate at 4.50%, said the central bank&#8217;s governing council had [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":7778,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-7777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3B0LY-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/7777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=7777"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/7777\/revisions"}],"predecessor-version":[{"id":7815,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/7777\/revisions\/7815"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/7778"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=7777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=7777"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=7777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}