logo
episode-header-image
Mar 2024
22m 13s

Inflation has slowed. At what cost?

CBC
About this episode

Canada's inflation numbers have once again come in lower than expected, and are nearing where our central bank wants them. But to get here, the Bank of Canada has kept interest rates high to slow the economy.


So was it actually the Bank's rate hikes that brought inflation down? Is the sting of high rates worth the success so far? And how much further does inflation — and the economy — need to slow before the Bank drops rates? 


Armine Yalnizyan is an economist and the Atkinson Fellow On The Future Of Workers.

Up next
Aug 22
Escape, immortality, AI: Silicon Valley's blueprint for the future
Elon Musk wants a million people living on Mars within 20 years. Jeff Bezos imagines a trillion humans in space, living in a constellation of space stations the size of major cities within a few generations. Sam Altman, CEO of OpenAI, is preparing for a future where rogue AI coul ... Show More
33m 35s
Aug 21
How Christian Zionism became a key force in U.S. politics
Christian Zionism — the belief that the modern state of Israel fulfills biblical prophecy — has existed as a theological concept for well over a century. But in the past couple decades its political power and influence in the United States has surged, with many of Donald Trump's ... Show More
38m 59s
Aug 20
Are Canadian summers as we knew them over?
This summer is on track to being the second-worst wildfire season in Canadian history. It started earlier than usual with emergencies declared in the spring in Manitoba and Saskatchewan and is hitting locales that aren't typically fire-prone like Vancouver Island and Atlantic Can ... Show More
30m 59s
Recommended Episodes
Feb 2022
How bad is inflation?
Two stories about the effects of inflation on the economy. We meet a gig worker who's seen an increase in wages, but because of inflation, how much of that increase in earnings is an illusion? Then, we break down how the Federal Reserve is planning to fight inflation. | Subscribe ... Show More
19m 2s
Jul 2022
How Expecting Inflation Can Actually Create More Inflation
To fight historic levels of inflation, the Federal Reserve this week, once again, raised interest rates, its most powerful weapon against rising prices.The move was intended to slow demand, but there was also a psychological factor: If consumers become convinced that inflation is ... Show More
28m 41s
Oct 2022
Why Is It So Hard to Hit the Brakes on Inflation?
In the struggle to control inflation, the Federal Reserve has raised interest rates five times already this year.But those efforts can be blunted if companies keep raising prices regardless. And one industry has illustrated that difficulty particularly starkly: the car market.Gue ... Show More
26m 49s
Dec 2022
Is inflation finally coming to an end?
Inflation has been perhaps the single biggest issue facing the global economy over the past year and has proven far more persistent than most people originally assumed. But with central banks around the world all raising interest rates, will we finally see inflation go back down ... Show More
13m 50s
Jun 2024
Why is inflation so stubborn in the United States?
The inflation is the rate at which prices increases - so when we say the inflation rate is slowing down it does not mean that prices are falling . So we wanted to discuss why inflation is still so sticky with someone in the US who has been looking at it for some time - someone in ... Show More
49m 18s
Feb 2024
All eyes on US inflation! | MarketTalk: What’s up today? | Swissquote
The week started on a positive note on this side of the Atlantic Ocean, and on a mixed note on the American side. Federal Reserve’s (Fed) Michelle Bowman said that the rates are in a good place to keep pressure on inflation and that there is no need to ease rates soon. Likewise, ... Show More
10m 16s
May 2023
Inflation rose again. Will that sway the Fed on rates?
The Fed’s interest rate fight just got more complicated — the central bank’s preferred gauge of inflation indicated that prices rose 0.4% last month, a speed-up from the previous month that saw a 0.1% increase. We talk to Christopher Low, chief economist at FHN Financial, about w ... Show More
8m 44s
Jan 2022
Why everything is so expensive right now
Inflation has hit a 40-year high in the U.S., driving up the cost of everything from groceries to housing. As the Fed prepares to raise interest rates, here’s what to watch out for. Read more: In December, inflation hit a staggering 7 percent. That’s far above the Federal Reserve ... Show More
19m 22s
Oct 2021
What is behind current inflation spikes?
What is causing the rise in inflation we are seeing at the moment? And which trends could have an impact on prices in the future? In this episode of The ECB Podcast, our host Katie Ranger looks for answers to these questions in the discussions held at the 2021 ECB Forum on Centra ... Show More
14m 50s