Categories: Markets

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


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:


Feed news

Source: Fx Street

Published by

Recent Posts

Tenoch Huerta is criticized for charging more than $100 per photo

After the success of Tenoch Huerta as Namor in the Marvel movie, Black Panther: Wakanda…

7 mins ago

Palestinian-Brazilian doctor, brother of former Hamas leader, was held for 32 hours at an airport in Panama

The Palestinian doctor with Brazilian nationality Ahmed Shehada, 58 years old, was trapped at Tocumen…

17 mins ago

S&P 500 breaks above 4,000 thanks to improving risk appetite and rising US bond yields.

The S&P 500, Dow Jones and Nasdaq 100 all advanced strongly during the day. US…

46 mins ago

Amanda Bynes is admitted to a psychiatric hospital after being caught without clothes and disoriented

In March 2022, Amanda Bynes announced the end of her legal guardianship, which was granted…

47 mins ago

BBB 23: News-crime against Bruna Griphao for racism is archived by the Justice of RJ

The 42nd Criminal Court of Rio de Janeiro filed, this Tuesday (21), the criminal notice…

60 mins ago

Silver Price Analysis: XAG/USD Pulls Back Toward $22.25

XAG/USD falls on risk appetite and technical factors as a dragonfly doji emerges. If XAG/USD…

1 hour ago