Boc’s Gov. Macklem: There May Still be a Need to Adjust the Policy Rate Depending on How Risks Evolve.

BoC’s Gov.

BoC’s Gov. Macklem: There may still be a need to adjust the policy rate depending on how risks evolve.

BoC’s Gov. Macklem: If higher energy prices start leading to ongoing generalized inflation, we may need consecutive rises in policy rate. BoC’s Gov.

Macklem: If the US imposes significant new trade restrictions, we may need to cut the policy rate further.| FJ