Economics
Bank of Canada Worries Supply Chain Disruptions Could Persist
- Gravelle says productive capacity to be reassessed in January
- Upside risks are ‘greater concern’ given elevated inflation
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The Bank of Canada is worried that global supply chain disruptions stoking inflation could last longer than expected, according to a top official.
In a speech a day after policy makers left interest rates unchanged, Deputy Governor Toni Gravelle said Thursday the duration of supply disruptions “figured prominently’ in deliberations ahead of the decision.