RBC says the Bank of Canada needs to hike rates rapidly and multiple times

More:

sees some signs of a wage-price cycle taking root that has already pushed up costs permanently

“This is permanent, sustained inflation that has to be dealt with through monetary policy, and therefore we need rapid action this spring as a series of rate increases to address it.”

via Bloomberg (may be gated)

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The Bank of Canada meets on January 26. Earlier post:

• Morgan Stanley expect the Bank of Canada to hike rates this month

Bank of Canada Governor Macklem