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Press Conference: Monetary Policy Report – January 2024
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- Jan 24, 2024 10:35am Jan 24, 2024 10:35am
- almonleng
- | Joined May 2008 | Status: Member | 62 Comments
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The 1993-released DOOM game is now available and stored on the Dogecoin network, thanks to a relatively new protocol that lets developers wholly store large amounts of data on a ...
Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank of Canada’s Monetary Policy Report (MPR). Today, we maintained our policy interest rate at 5%. We are also continuing our policy of quantitative tightening. Our message today is twofold. First, monetary policy is working to relieve price pressures, and we need to stay the course. Inflation is coming down as higher interest rates restrain demand in the economy. But inflation is still too high, and underlying inflationary pressures persist. We need to give these higher rates time to do their work. Second, with overall demand in the econom post: BOC'S GOV. MACKLEM: THE BANK IS NOW STARTING TO LOOK AT HOW LONG RATES NEED TO STAY AT CURRENT LEVELS RATHER THAN WHETHER POLICY RATE IS RESTRICTIVE ENOUGH. post: BOC'S GOV. MACKLEM: THERE WAS A CLEAR CONSENSUS AT GOVERNING COUNCIL TO MAINTAIN POLICY RATE AT 5%. post: BOC'S GOV. MACKLEM: PUSH AND PULL ON INFLATION MEANS FURTHER DECLINES ARE LIKELY TO BE GRADUAL AND UNEVEN, PATH BACK TO 2% TARGET WILL BE SLOW AND RISKS REMAIN.
Businesses in the US signalled a stronger upturn in activity at the start of the year, as output growth quickened to the sharpest rate in seven months. The expansion was driven by ...
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post: BANK OF CANADA'S MACKLEM ASKED BY REPORTERS ABOUT END TO QUANTITATIVE TIGHTENING: WE NOT THERE YET #economy post: BoC Gov Macklem, When Asked Whether Governors Discussed A Rate Cut At Last Meeting, Said ‘Focus Was Very Much On Holding Rates Steady’ - It's Premature To Discuss A Rate Cut - We Need To See More Progress Before We Discuss A Possible Rate Cut post: BOC'S GOV. MACKLEM: WE'RE NOT FORECASTING A DEEP RECESSION, WE DON'T THINK WE NEED ONE TO GET INFLATION BACK TO TARGET. post: BOC'S GOV. MACKLEM: IT'S IMPORTANT THAT WE DON'T GIVE CANADIANS A FALSE SENSE OF PRECISION AS REGARDS TIMING OF A RATE CUT.
Bitcoin paused a retreat that began after US exchange-traded funds for the largest digital asset began trading on Jan. 11 and now faces a pivotal test if key charts are right. The ...
post: BOC'S GOV. MACKLEM: THE RISK OF ANOTHER RATE HIKE IS NOT ZERO.
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- Posted: Jan 24, 2024 10:30am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 2,928
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