The Bank of Canada’s rate hikes from March 2022 to now succeeded in slowing the economy, making a soft landing more likely, according to former deputy governor Paul Beaudry.
The central bank’s policy rate, of 475-basis-points has pushed the annualized inflation rate closer to the BoC’s 2% target.
“I think it’s a plausible scenario [to get a soft landing], it’s the most likely one,” Beaudry said in an interview with BNN Bloomberg.
