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Bank of Canada official warns it would be ‘painful’ to see big price drops - National | Globalnews.ca

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Summary
Nutrition label

71% Informative

Bank of Canada deputy governor Rhys Mendes says allowing for a period of price declines may sound tempting, but it would ultimately be more painful for Canadians .

Mendes made the comments in a speech Tuesday in Charlottetown on the importance of keeping inflation at the two per cent target.

He said the central bank would have to exert more pain on the economy with high interest rates to bring down prices.

VR Score

80

Informative language

83

Neutral language

53

Article tone

semi-formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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