US tariffs, other supply shocks could spur inflation: Canada central banker

Tiff Macklem says politicians dictating interest rates isn't helpful

20250930N Tiff Macklem

Bank of Canada Gov. Tiff Macklem told Nikkei that price stability must always be at the center of monetary policy. © Reuters

DAICHI MISHIMA

OTTAWA -- The frequent shocks to global supply chains from factors such as U.S. tariffs leave central banks with limited tools to combat rising risks of inflation, Bank of Canada Gov. Tiff Macklem told Nikkei in a recent interview.

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