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Bank of Canada to lift inflation forecast as oil prices surge
The Bank of Canada expects to significantly raise its inflation forecast as high oil prices and Middle East supply disruptions increase the risk that inflation spreads and persists. The energy shock is also supporting Canadian growth through stronger exports and revenues, while the bank weighs whether interest-rate increases will be needed to bring inflation back toward its 2% target.
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About Tiff Macklem
Richard Tiffany "Tiff" Macklem is a Canadian central banker and economist who has served as the 10th governor of the Bank of Canada since 2020.
Everything about Tiff Macklem →- Occupation
- economist, businessperson, Governor of the Bank of Canada
- Position held
- Governor of the Bank of Canada, dean
- Citizenship
- Canada
- Born
- 1961, June 4, 1961