21 min listen
Why is it so important to get inflation down to two per cent?
FromThe Decibel
ratings:
Length:
20 minutes
Released:
Jul 19, 2023
Format:
Podcast episode
Description
We’re all familiar with the cycle now: Inflation is too high, so central banks keep raising interest rates. The hope is to get inflation back down to 2 per cent. But why 2? If we accept that things are going to keep getting more expensive, what difference does it make if it’s 2 or 3 per cent? Or 2.8?Report on Business reporter Mark Rendell explains why we’re aiming for 2-per-cent inflation, whether that target will change and what he learned from a recent interview with Tiff Macklem, Governor of the Bank of Canada.Questions? Comments? Ideas? E-mail us at thedecibel@globeandmail.com
Released:
Jul 19, 2023
Format:
Podcast episode
Titles in the series (100)
On the ground in Ukraine as the war takes a turn: Russia is gaining ground in its invasion of Ukraine. On day 7 of the war, Russia occupied Kherson, a key city in the southern part of Ukraine. Russia started targeting densely populated areas like Kyiv and Kharkiv with heavy shelling, destroying buildings and killing civilians. On March 2, Ukraine’s emergency service said the Russian invasion has killed more than 2,000 civilians in the country. Senior international correspondent Mark Mackinnon is in Lviv, Ukraine. He is back on the show to tell us what Russia’s gains mean for the people of Ukraine and whether they have a chance at holding Russian troops back. Plus, he tells us about his journey out of Kyiv as the invasion on Ukraine began. by The Decibel