MONTREAL — Public trust in the Bank of Canada has been dented by post-pandemic inflation and it needs to be rebuilt, governor Tiff Macklem said on Wednesday.

“For many of our citizens, this has been their first experience with high inflation, and it has been painful,” Macklem said during a panel discussion at the 2024 Conference of Montreal, alongside Deutsche Bundesbank president Joachim Nagel and BNP Paribas Canada CEO Sonja Volpe.

Macklem said the recent bout of inflation has made people feel cheated and angry as their paycheques don't stretch as far as they did before{ai:summary}<p>Bank of Canada governor Macklem admits trust damaged by inflation post-pandemic. Urges rebuilding trust in wake of citizens' painful experiences with high inflation. #economy</p>

Bank of Canada needs to rebuild public trust after high inflation: governor Tiff Macklem

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