Deputy governor of the Bank of Canada: policy interest rates are likely to remain "higher for a longer period of time"

FAP, June 9 / PRNewswire-FirstCall-Asianet /-Beaudry, deputy governor of the Bank of Canada, reiterated that policy rates are likely to remain "higher for a longer period of time"; the likelihood that inflation may remain above 2 per cent has increased; demand-side momentum has exceeded expectations; and since April, data "tend to support" the central bank's June rate hike. The central bank notes that neutral interest rates face upside risks; core inflation loses its ability to act.