BoC's Macklem: We don't have to do what the Fed does
Source Fxstreet
Bank of Canada (BoC) Governor Tiff Macklem hit newswires late Wednesday, reiterating that the BoC isn't beholden to following the Federal Reserve's (Fed) playbook as the two central banks grapple with slightly different economic situations.
Key highlights
- BoC is getting close to being able to cut rates.
- GDP growth is expected to be 1.5% in 2024, 2.0% in 2025 and 2026.
- Data since January has increased our confidence that inflation will continue to come back down.
- BoC expected core inflation to continue to ease gradually.
- Growth in the Canadian economy appears to be picking up.
- Monetary policy appears to be working.
- BoC does not have to do whatever the Fed does.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Solana founder Anatoly Yakovenko has binned the narrative that SOL is an Ethereum killer. It is okay for the two technologies to have overlapping features and compete.
Hidden Bullish Divergence Appears On Dogecoin Price Chart, Here’s What To Expect NextA hidden Bullish Divergence pattern has just been identified on the Dogecoin price chart, signaling possibilities of a significant uptrend. With this new technical pattern, a crypto analyst has projected a target of $0.7 for the Dogecoin price.
A hidden Bullish Divergence pattern has just been identified on the Dogecoin price chart, signaling possibilities of a significant uptrend. With this new technical pattern, a crypto analyst has projected a target of $0.7 for the Dogecoin price.
OKX, one of the largest cryptocurrency exchanges by trading volume, is preparing to go public in the United States.
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Gold gains momentum above $4,100 after weak US NFP data Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
Related Instrument
