Governor of the Bank of Canada Macklem stated that the potential for a new round of USA tariffs to trigger trade conflicts is a major source of uncertainty that could cause significant disruption. Long-term and widespread trade conflicts would severely damage economic activity in Canada. The rising costs of imported Commodities will exert direct pressure on inflation. Monetary policy cannot offset the impact of tariffs but can assist the economy in adjusting. It is impossible to offset both the slowdown in economic growth and rising inflation through interest rates.
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加拿大央行行长:新一轮美国关税引发贸易冲突的潜在可能性是一个主要的不确定因素
The potential for a new round of USA tariffs to trigger trade conflicts is a major source of uncertainty, according to the Governor of the Bank of Canada.
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