Addressing Supply Issues Not Substitute for Rate Hikes, Says Bank of Canada Official

Addressing Supply Issues Not Substitute for Rate Hikes, Says Bank of Canada Official
Tiff Macklem, Governor of the Bank of Canada is seen at the Bank of Canada in Ottawa, on Oct. 26, 2022. The Canadian Press/Sean Kilpatrick
The Canadian Press
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Bank of Canada senior deputy governor Carolyn Rogers says addressing supply problems could help ease inflationary pressures but such policies wouldn’t substitute the need for higher interest rates.
Rogers and Bank of Canada governor Tiff Macklem appeared before the Senate banking committee Tuesday evening and responded to questions from senators about the bank’s monetary policy and the state of the economy.