Macklem Says Bank of Canada Needs to ‘Stick the Landing’ With Inflation Now at 2%

Macklem Says Bank of Canada Needs to ‘Stick the Landing’ With Inflation Now at 2%
Bank of Canada Governor Tiff Macklem participates in a news conference on the bank's interest rate announcement, in Ottawa, on Sept. 4, 2024. The Canadian Press/Justin Tang
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Bank of Canada governor Tiff Macklem says he is pleased that inflation has fallen to two percent, but the central bank now has to “stick the landing” and keep price growth centred around the target.

That’s according to prepared remarks the governor delivered in Toronto on Tuesday at an event hosted by the Institute of International Finance and the Canadian Bankers Association.