Bank of Canada Minutes Say Rate Rise Was Prudent to Curb Inflation Risks
Policymakers agreed it was prudent to raise rates despite elevated uncertainty and economic slack, according to minutes of the central bank’s latest deliberations.
By Paul VieiraOTTAWA--Senior Bank of Canada policymakers agreed it was prudent to raise rates to dampen upside inflation risks despite elevated uncertainty and the presence of economic slack, according to the minutes of the central bank's most-recent policy deliberations.There is considerable econo…