John Price, Managing Director of Americas Market Intelligence (AMI), spoke at the MEMA Global Summit in Florida in February 2023. The recap of the conversation was published in Jobber News. Below an excerpt:
Even though Bank of Canada governor Tiff Macklem called inflation “too high,” John Price, managing director of Americas Market Intelligence, warned that inflation and interest rates won’t go back to where consumers want.
But that doesn’t mean things won’t get better. He said we’re about halfway through the fight to bring inflation down to central banks’ targets of 2 per cent even though we won’t actually get there.
“But the point is this: That the light is at the end of the tunnel and the amount of further increments to the interest rates will be limited to probably no more than one more percentage point,” Price said during the recent MEMA Aftermarket Suppliers Global Summit in Miami.
Click below to read the full story: https://www.autoserviceworld.com/why-we-wont-see-low-inflation-again/
