NETNEWSLEDGER - BANK OF CANADA MACKLEM WARNS ENERGY PRICES COULD PUSH INFLATION HIGHER

What happened: Bank of Canada governor Tiff Macklem said persistently high global energy prices are set to push up the inflation outlook, speaking from the IMF meetings in Bangkok. Key numbers: Inflation has held at 3 per cent for two months. The July forecast projected inflation cooling to around 2.5 per cent by the second half of the year. Why it matters: Macklem said he expects the updated forecast to be "quite a bit higher" than July's, and that policymakers are weighing whether inflation will return to target on its own or require a rate increase.

Bank of Canada governor Tiff Macklem said persistently high global energy prices are set to push up the inflation outlook, speaking from the IMF meetings in Bangkok.

Macklem said he expects the updated forecast to be "quite a bit higher" than July's, and that policymakers are weighing whether inflation will return to target on its own or require a rate increase.