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Macklem says the message to Canadians is that rates are going to be low for a long time

Following the Bank of Canada’s decision to leave its monetary policy rate unchanged at 0.25% as expected, Governor Tiff Macklem and Senior Lieutenant Governor Carolyn A. Wilkins are commenting on the policy outlook at a press conference. .

Key Comments:

“There has been a solid discussion on the future direction in the governing council“.

“Bond purchases in the QE will shift to 3, 5, 10, 15 and some 30 year bonds“.

Let’s get over this, but it will be a long job. ”

“The message for Canadians is that interest rates are going to be low for a long time“.


Credits: Forex Street

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