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RBC says Bank of Canada needs to hike rates quickly and multiple times


Following:

sees some signs of a wage-price cycle taking hold that has already driven costs up permanently

“This is permanent, sustained inflation that needs to be addressed through monetary policy, so we need swift action this spring in the form of a series of rate hikes to address it.”

via Bloomberg (may be closed)

The Bank of Canada meets on January 26. Previous post:

Governor of the Bank of Canada Macklem


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