You were most recently working at the Bundesbank’s Centre for International Central Bank Dialogue (CiC) in Frankfurt and, in your position, were in a regular exchange with central banks all over the world. Dear Mr Notheis, this will be your second tour of duty in Mumbai: a testament to the particular attraction exercised by this city and this country.
First, inflation in Canada remains high and broad-based, reflecting large increases in both goods and services prices. Inflation has come down in recent months, but we have yet to see a generalized decline in price pressures. About two-thirds of the components of the consumer price index (CPI) have risen by more than 5% over the last year.