Macklem speech: There was clear consensus to hold policy rate at 5%
Trending Articles- 270,000 People Instantly Liquidated. Crypto Earthquake, Just Because This Person Might Take Over the Fed?
- Is Silver’s ‘Meme Moment’ Arriving? Surging Prices Mask Momentum Bubble Concerns
- Gold Price Forecast: XAU/USD gains momentum to near $5,050 amid geopolitical risks, Fed uncertainty
- Dollar Slumps to Four-Year Low, Trump Still Says ‘Dollar Is Doing Great’?
- Bitcoin No Longer Digital Gold? Gold and Silver Token Market Cap Hits Record $6 Billion
- Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP deepen sell-off as bears take control of momentum
Tiff Macklem, Governor of the Bank of Canada (BoC), explains the BoC decision to leave the interest rate unchanged at 5% after the April policy meeting and responds to questions from the press.
Key quotes
"We did discuss when to reduce rates, there was clear consensus to hold it at 5%."
"There is some diversity of views in the Governing Council as to when we're going to see what we're looking for."
"Overall, C$ has been reasonably stable, if it does move we'll take that into account."
"Gas prices tend to go up and down. So that's one reason why we're particularly focused on core inflation."
Market reaction
USD/CAD clings to strong gains following these comments and was last seen trading at 1.3675, rising 0.75% on the day.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
