Bank of Canada deputy governor says inflation battle isn't over [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. The Bank of Canada 's second-in-command said policymakers still want to see more progress on core inflation measures, even with the primary measure of price pressures back to the central bank's two per cent target. Senior Deputy Governor Carolyn Rogers, speaking at a Bloomberg New Voices event in Toronto, said that while cooling inflation is “welcome news” for Canadians, it's not yet time to declare victory. “There's still work to do,” she said. “We've got to stick the landing.” On Tuesday, Statistics Canada reported that the consumer price index rose by two per cent in August on a yearly basis — the slowest rate of increase since early 2021. The central bank's two preferred core inflation measures also eased but are still elevated, averaging 2.35 per cent on a yearly basis from 2.55 per cent a month earlier. Those core inflation measures exclude items that had extreme price moveme
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