BOC’s Rogers: We’re not where we were in July, but far from where we need to be


Bank of Canada Senior Deputy Governor Carolyn Rogers:

  • We’re not where we were in July, but we’re a long way from where we need to be
  • The bank has seen the first signs that monetary policy is working
  • the bank still sees a way to a soft landing shutdown, that’s still our goal
  • the neutral territory is a range, it is an estimate, there is no magic formula


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