加拿大央行行长Macklem：潜在的通货膨胀可能比想象的更严重。如果经济疲软、CPI稳定，可能需要降息。美国贸易冲突仍是最大的逆风。贸易谈判结果“高度不确定”。在“全球动荡”中确保价格稳定是关键。钢铁关税的增加显示出“不可预测性”。重申自己“没有以往那么有远见”。维持利率不变是共识。

Core Viewpoint - The potential inflation in Canada may be more severe than previously thought, with the possibility of interest rate cuts if the economy remains weak and CPI stable [1] Group 1: Economic Conditions - A weak economy and stable CPI may necessitate interest rate cuts [1] - The outcome of U.S. trade conflicts remains the largest headwind for the Canadian economy [1] Group 2: Trade and Global Factors - Trade negotiations are characterized by "high uncertainty" [1] - The increase in steel tariffs highlights the "unpredictability" in global trade [1] Group 3: Monetary Policy Outlook - Ensuring price stability amid "global turmoil" is deemed crucial [1] - There is a consensus to maintain current interest rates, indicating a cautious approach [1] - The central bank governor admits to having "less foresight" than in the past [1]