FINANCIAL POST: 'Everybody should just shut up': Bank of Canada's independence under pressure from political comments
The Bank of Canada is supposed to be free from government interference, but elected officials have become more vocal about interest rates, inflation and the effect on their citizens, leaving some experts fretting about the central bank’s independence when it comes to monetary policy.
“Everybody should just shut up,” said Christopher Ragan, founding director of the Max Bell School of Public Policy at McGill University in Montreal, following remarks by Chrystia Freeland and three premiers regarding the Bank of Canada’s interest rate hold last week ...
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