BOC’s Macklem: So far we are not seeing much spreading of higher oil prices
- I do worry that too much forward guidance becomes false precision, can become confusing
That’s rich statement from a guy who said “We want to be very clear—Canadians can be confident that borrowing
costs are going to remain very low for a long time,” in November 2020. Just 16 months later he was hiking rates and less than two years later he was hiking by 100 bps at a time.
This article was written by Adam Button at investinglive.com.