He Governor of the Bank of Canada (BoC), Tiff Macklemreiterated on Wednesday that there is a limit on how much the Canadian central bank can diverge in rates with respect to the Federal Reserve (Fed), but that they are not close to that limit.
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“For many of our citizens, this has been their first experience with high inflation, and it has been painful.”
“We need to meet people where they are and make sure they understand what we are doing and why we are doing it.”
“Recent history has been a stark reminder that inflation is our common enemy.”
“It’s reasonable to expect more cuts on the horizon, but the central bank is taking it as a meeting-by-meeting decision.”
“There are limits to that divergence, but we are nowhere near that limit.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
