BOC's Macklem: Low growth, higher rates will impact the government budget

Bank of Canada Governor Macklem spoke earlier:

• BOC's Macklem: Further easing in inflation is likely to be slow and risks are high

He's still dropping the odd comment:

• Low growth, higher rates will impact the government budget
• Protecting Canada's very good fiscal position is important

Senior Deputy Governor Rogers also:

• Governing Council has not started talking about interest rate cuts