John Murray, senior fellow at the C.D. Howe Institute and a former deputy governor at the Bank of Canada, tells BNN Bloomberg, agrees with today’s 25 bps hike and expects more hikes this year as monetary conditions are still not tight in real terms. He also discusses the resilience in the labour and housing markets.
More hikes likely, the BoC should consider more active QT: Former BoC deputy governor John Murray
June 8, 2023