off-the-wire

Bank of Canada head says fiscal policy not hitting fight against inflation

Kitco Media
By Reuters
Published:
Updated:
Reuters
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OTTAWA, Nov 3 (Reuters) - The Canadian government's current fiscal ​policy is not making ‌it harder for the Bank of Canada ​to fight inflation, ​Governor Tiff Macklem told the ⁠House of Commons ​finance committee on Tuesday.

Macklem ​said the bank would only comment on government policy ​if it had ​become unsustainable or if it ‌was ⁠making it harder to get inflation back to the bank's ​2% target.

"In ​the ⁠current circumstances, I don't think ​either of those ​criteria ⁠are met," he said, reiterating that more ⁠interest ​rate hikes might ​be needed.

Reporting by Promit Mukherjee, ​editing by David Ljunggren

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