MNI TV: Key Exclusive Highlights For Week 39

 The Bank of Canada is committed to meeting its inflation target even if recent supply shocks also dampen economic growth, and policymakers face hard tradeoffs in coming meetings, Bank of Canada Governor Tiff Macklem told MNI.  

 

The United States could face a debt downgrade in coming years if lawmakers in Washington don't make meaningful changes to the path of America's projected debt pile, according to Morningstar DBRS Senior Vice President Michael Heydt.  

 

China should issue a total of up to CNY10-12 trillion in treasury bonds over three to four years to bail out local governments, one of the country’s most prominent economic advisors told MNI, calling for the same level of determination officials brought to dealing with non-performing bank loans in the 1990s.