Bank of Canada Governor to Monitor Impact of Iran Conflict on CPI

The Bank of Canada Governor, Tiff Macklem, has stated that the central bank will closely monitor the effects of the ongoing conflict in Iran on the country's Consumer Price Index (CPI). According to Jin10, Macklem emphasized the importance of understanding how geopolitical tensions could influence inflationary pressures in the near term. The central bank aims to assess the potential economic repercussions and adjust its monetary policy accordingly to maintain price stability.