Achieving price stability and financial stability critical, BoC governor tells reporters in Washington
Inflation still above 2% target “so monetary policy needs to be tightened further,” board member Waller said
Further upward pressure on rents is expected in the coming months
Plunging energy prices pulled the producer price index down 0.5%
Inflation, climate change, geopolitics will make food security a persistent challenge
But core inflation was 5.6% in March
Demand exceeds supply but inflation expected to drop to 2% by 2024
Economists expect the central bank to sound hawkish on Wednesday while holding rates steady
The possibility of a hard landing has "risen sharply," the IMF says
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