{"id":109506,"date":"2024-12-17T00:03:00","date_gmt":"2024-12-16T20:03:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=109506"},"modified":"2024-12-17T00:59:38","modified_gmt":"2024-12-16T20:59:38","slug":"bocs-macklem-below-forecast-growth-could-keep-inflation-low","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bocs-macklem-below-forecast-growth-could-keep-inflation-low\/12\/17\/market-updates\/","title":{"rendered":"BoC&#8217;s Macklem: Below-forecast growth could keep inflation low"},"content":{"rendered":"\n<p>Bank of Canada Governor Tiff Macklem gave significant statements before the Vancouver Board of Trade on Monday, spinning an expected drag on Canadian economic growth as a positive on the hopes that lagging growth at the nation-wide level could, in theory, limit a re-ignition in inflationary pressures.<br><br><strong>Key Quotes<br><\/strong><br>Big structural changes are already underway, such as deglobalization, demographic shifts, digitalization, and decarbonization.<br><br>In the future, the world is set to be more prone to shocks than we would all like.<br><br>There are risks around our inflation outlook; we are equally concerned with inflation coming in higher or lower than expected.<br><br>The combination of higher sovereign debt, higher long-term interest rates, and lower economic growth is making the world more vulnerable.<br><br>We also need to improve our analysis and ensure our monetary policy framework is fit for purpose.<br><br>The economy could continue to grow below its potential which would pull inflation down.<br><br>Elevated wage increases combined with weak productivity could boost inflation as businesses look to pass on higher costs.<br> <br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of Canada Governor Tiff Macklem gave significant statements before the Vancouver Board of Trade on Monday, spinning an expected drag on Canadian economic growth as a positive on the hopes that lagging growth at the nation-wide level could, in theory, limit a re-ignition in inflationary pressures.Key QuotesBig structural changes are already underway, such as &hellip;<\/p>\n","protected":false},"author":13,"featured_media":95031,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6932,8301,7901],"class_list":["post-109506","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boc","tag-inflaion","tag-tiff-macklem"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=109506"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109506\/revisions"}],"predecessor-version":[{"id":109515,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109506\/revisions\/109515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/95031"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=109506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=109506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=109506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}