Tiff Macklem, Governor of the Financial institution of Canada
The Financial institution of Canada’s governor mentioned on March 3 that the day gone by’s 25-basis factors coverage charge rise was “step one on the trail to larger rates of interest”.
The Financial institution of Canada’s governing council lowered rates of interest to 0.25% in March 2020, and saved them at that stage till its most up-to-date assembly.
He additionally mentioned that, after the primary coverage charge rise, ending the central financial institution’s reinvestment of bought belongings and shrinking its stability sheet “could be a pure subsequent step”. However he didn’t
You’re at the moment unable to print this content material. Please contact [email protected] to seek out out extra.
You’re at the moment unable to repeat this content material. Please contact [email protected] to seek out out extra.