Macklem speech: Important not to give a false sense of precision regarding timing of a rate cut
Source Fxstreet
Tiff Macklem, Governor of the Bank of Canada (BoC), and Senior Deputy Governor Carolyn Rogers explain the BoC decision to leave the interest rate unchanged at 5% after the January policy meeting and respond to questions from the press.
Key quotes
"Inflation is still somewhat broad-based and that's why we're concerned about the persistence of underlying inflation
"It's important that we don't give Canadians a false sense of precision as regards the timing of a rate cut."
"If governments were to add more spending on top of what they've already planned for this year, it certainly could start getting in the way of trying to bring inflation down to 2% target."
"We didn't spend a lot of time talking about hikes this time."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
TradingKey - Global oil prices extended declines Tuesday, erasing last week's gains. WTI and Brent crude futures fell further, pressured by renewed Iraqi supply and Saudi price cuts, despite looming F
Michael Saylor and Strategy are heavily investing in Bitcoin, adding 10,624 more BTC to their already significant holdings, despite a tough year for their stock.
As institutional inflows into Bitcoin ETFs accelerate, active on-chain addresses are sliding, signaling a shift where investors prefer Wall Street wrappers over self-custody.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.65 during the Asian trading hours on Tuesday. The WTI price edges lower as Iraq restores production at one of its oilfields.
Gold Price Forecast: XAU/USD edges lower below $4,200 amid worries about hawkish Fed rate cutGold Price (XAU/USD) trades in negative territory around $4,195 during the early Asian session on Tuesday. The precious metal edges lower amid concerns that the US Federal Reserve (Fed) will adopt a hawkish tone in its rhetoric, despite delivering a rate cut on Wednesday.
Gold Price (XAU/USD) trades in negative territory around $4,195 during the early Asian session on Tuesday. The precious metal edges lower amid concerns that the US Federal Reserve (Fed) will adopt a hawkish tone in its rhetoric, despite delivering a rate cut on Wednesday.
