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Bank of Canada governor Tiff Macklem speaks during a news conference following an interest rate announcement, in Ottawa on Oct. 25, 2023. The Canadian Press/Adrian Wyld
Mistakes were made fighting recent inflation, Bank of Canada Governor Tiff Macklem has detailed in a new essay.
Mr. Macklem said he and his team underestimated the inflationary risk from the mix of supply shocks and high consumer demand during the COVID-19 pandemic.
