Breadcrumb Trail Links News Investors and consumers are hoping for extensive interest rate cuts this year Published Jan 05, 2024 • 4 minute read Bank of Canada governor Tiff Macklem, left, and U.S. Federal Reserve chair Jerome Powell. Photo by Getty Images/Reuters Article content Article content Central banks took a lot of flack for being slow to hike interest rates as inflation took off. Now a CIBC economist says they should be wary of mistakes coming down the other side. When prices started rising in late 2021, one of the the central banks’ biggest mistake was to treat “fluctuations in supply as if they were changes in demand,” said Andrew Grantham, senior economist
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