Bank of Canada Governor Tiff Macklem spoke earlier - recap

Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers spoke before the Senate Standing Committee on Banking, Trade and Commerce.

Earlier headline posts:

• Bank Of Canada Governor Macklem says again that higher interest rates are needed
• More from BOC's Macklem - says again it'd be extremely unusual to hike by more than 50bp
• More from BOC's Macklem - economy is overheating and creating inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term pressure

Reuters have a recap up that adds a little more:

• "It's going to be delicate," he added. "But we do need to raise interest rates to moderate that spending growth and get inflation back to target."

Central bankers around the world will be wrestling with avoiding a hard landing (recession) as they jack u rates to bring inflation down from lofty levels.

I didn't see any comments reported from Senior Deputy Governor Carolyn Rogers, just from Governor Macklem.