Transitory inflation forces could last up to another year: Poloz

Transitory inflation forces could last up to another year: Poloz

4h ago Transitory inflation forces could last up to another year: Poloz Former BoC Governor expects another 6 to 12 months of inflationary pressures before they 'work their way out' A former governor of the Bank of Canada is bracing for the inflationary trends that central bankers are wrestling with around the world to last a little longer than some people might think. "The word transitory sounds really short to people," said Stephen Poloz, who served as the central bank's governor from 2013 until 2020, in an interview Thursday. "I think the big things that are affecting the view right now will take probably into next spring, say the next six to 12 months for them to work their way out." Poloz indicated he is still of the view that …
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