untitled design

BoC: If the economy develops as expected, there will be no need to raise rates — Tiff Macklem

Compartir:

Bank of Canada Governor Tiff Macklem He said on Tuesday that further rate hikes will not be necessary if, as expected, the economy stagnates and inflation declines, Reuters reported.

main comments

“If the new data is broadly in line with our forecasts and inflation comes down as expected, we won’t need to raise rates any further,” Macklem said in a speech to financial analysts in Quebec City.

“We monopolize inflation. Monetary policy is working,” Macklem said, adding that economic growth would be “close to zero” until the third quarter of this year.

USD/CAD Update

We are heading for an inside day as the US dollar rallied on comments from Federal Reserve Chairman Jerome Powell:

Compartir:

Feed news

Source: Fx Street

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular