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BoC Gov. Macklem says inflation is going to stay painfully high

BoC Gov. Macklem says inflation is going to stay painfully high

Central Banks
Eamonn Sheridan
20/07/2022 | 20:16 GMT

Bank of Canada Governor Macklem speaking in an interview

  • Says that inflation in Canada is going to remain painfully high
  • inflation will probably remain above 7% for the rest of 2022
  • July's inflation rate is likely to be below June's 8.1%

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