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Bank of Canada Governor Michael McCollum said that we are starting to see some of the impact of the recent rate cuts.
Tiff McCollum, governor of the Bank of Canada, said investment in artificial intelligence could lead to higher inflationary pressures in the short term and raise financial stability concerns. Artificial intelligence could also affect how companies set prices. There is already evidence that more digitised companies adjust prices more frequently than less digitised ones. "Central banks need to pay close attention to how artificial intelligence affects inflation, including indirectly through aggreg...
On September 4th, the Bank of Canada cut interest rates for the third time in a row by 25 basis points, lowering the interest rate to 4.25%, in line with market expectations.
The Bank of Canada meeting notes: Members of the Bank of Canada agreed that the likelihood of a rate cut would increase if inflation eased further.
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