September 2, 2022 | In response to the possibility of the Bank of Canada raising interest rates next week, Director Christopher Ragan said the central bank is best-suited to take on the responsibility of maintaining low interest rates.
鈥淭here鈥檚 very, very good reasons why we have operationally independent central bank trying to target inflation rather than governments, because governments in the past have done a very poor job at that,鈥 he said.