Macklem defended the decision to raise interest rates to 2.5% last week, saying officials needed to address a buildup of cost pressures and expectations that a larger share of firms would raise their prices over the next 12 months.
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Macklem defended the decision to raise interest rates to 2.5% last week, saying officials needed to address a buildup of cost pressures and expectations that a larger share of firms would raise their prices over the next 12 months.
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