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Ukraine's President Volodymyr Zelenskiy speaks during an interview with Reuters, amid Russia's attack on Ukraine, in Kyiv, Ukraine September 16, 2022. "...This is the first item of our peace formula. Punishment," Zelenskiy, wearing his trademark khaki tee shirt, told the assembly. Zelenskiy ruled out "that the settlement can happen on a different basis than the Ukrainian peace formula. Ukraine and its Western allies have accused Russian forces of war crimes in different parts of the country they have occupied.
OTTAWA, Sept 20 (Reuters) - Inflation in Canada remains "too high" but is headed in the right direction, a Bank of Canada official said on Tuesday, adding that the central bank will do whatever is needed to bring price increases back to target. While we're headed in the right direction, that's still too high," Beaudry said in prepared remarks provided ahead of the speech. While some have argued policymakers need to engineer a recession to avoid this, Beaudry said the bank is working to convince Canadians the current period of high inflation is temporary and it will tame surging prices. Still, economists said if consumer and business surveys due out next month show inflation has become more entrenched, the Bank of Canada may have to change its tune. The Bank of Canada has boosted its policy rate by 300-basis points in six months and earlier this month signaled it was not yet done.
OTTAWA, Sept 20 (Reuters) - The Bank of Canada on Tuesday said inflation remained "too high" even as data showed price pressures were easing off peak levels, and pledged to continue to do whatever was needed to bring it back to target. While we're headed in the right direction, that's still too high," Beaudry said in prepared remarks provided ahead of the speech. Inflation slowed again in August, though at 7.0% it remains well above target. The three core measures of inflation, which taken together are seen as a better indicator of underlying price pressures, also eased slightly. (Reporting by Julie Gordon, editing by David Ljunggren)((Reuters Ottawa bureau, + 1 647 480 7921; david.ljunggren@tr.com))Register now for FREE unlimited access to Reuters.com RegisterOur Standards: The Thomson Reuters Trust Principles.
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