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BOC's Macklem asked by reporters about end to quantitative tightening: not there yet
BANK OF CANADA'S MACKLEM ASKED BY REPORTERS ABOUT END TO QUANTITATIVE TIGHTENING: WE NOT THERE YET #economy
— Mace News (@MaceNewsMacro) January 24, 2024
Added at 10:47am
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BoC Gov Macklem, When Asked Whether Governors Discussed A Rate Cut At Last Meeting, Said ‘Focus Was Very Much On Holding Rates Steady’
— LiveSquawk (@LiveSquawk) January 24, 2024
- It's Premature To Discuss A Rate Cut
- We Need To See More Progress Before We Discuss A Possible Rate Cut
Added at 10:50am
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— FinancialJuice (@financialjuice) January 24, 2024BOC'S GOV. MACKLEM: WE'RE NOT FORECASTING A DEEP RECESSION, WE DON'T THINK WE NEED ONE TO GET INFLATION BACK TO TARGET.
Added at 11:03am
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— FinancialJuice (@financialjuice) January 24, 2024BOC'S GOV. MACKLEM: IT'S IMPORTANT THAT WE DON'T GIVE CANADIANS A FALSE SENSE OF PRECISION AS REGARDS TIMING OF A RATE CUT.