Will Take Two More Years to Bring Inflation Down to Pre-Pandemic Levels, Says Bank of Canada Deputy Governor

It will take about two years to bring inflation and interest rates back to pre-pandemic levels, a Bank of Canada deputy governor says.
Paul Beaudry made the comments while speaking to University of Waterloo students in a lecture on the topic “Pandemic macroeconomics: What we’ve learned, and what may lie ahead,” on Sept. 20.
“Inflation has been picking up,” he said during the lecture, according to Blacklock’s Reporter.
“There’s a lot of questions that are being asked about what to do about it. We at the Bank of Canada are raising rates to slow the economy down.”
A student asked Beaudry how long it will take to bring back inflation to two percent….

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