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.
placeholder
Gold Price Forecast: US Non-Farm Payrolls Miss Expectations, Gold Surges Over $100, Can the Bull Run Continue?As of the Asian session on July 3, gold prices ( XAUUSD) extended yesterday's rally, climbing to an intraday high of $4,195.52. Looking at the charts, gold has gained over $100 in total s
Author  TradingKey
7 hours ago
As of the Asian session on July 3, gold prices ( XAUUSD) extended yesterday's rally, climbing to an intraday high of $4,195.52. Looking at the charts, gold has gained over $100 in total s
placeholder
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.
Author  FXStreet
15 hours ago
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.
placeholder
WTI Crude Oil Price Forecast: Trump Says US-Iran Talks Progressing Smoothly, Oil May Fall Below $60 As of the European session on July 2, WTI ( USOIL) crude oil prices fluctuated with a weak bias around $68, extending their prior downward trend. From a technical perspective, against the
Author  TradingKey
Yesterday 10: 09
As of the European session on July 2, WTI ( USOIL) crude oil prices fluctuated with a weak bias around $68, extending their prior downward trend. From a technical perspective, against the
placeholder
Japanese Yen recovers sharply from 40-year low as intervention bets trigger short-coveringThe USD/JPY pair comes under intense selling pressure and plummets to the 161.00 neighborhood heading into the European session on Thursday, snapping a three-day winning streak to the highest since 1986 set the previous day.
Author  FXStreet
Yesterday 08: 10
The USD/JPY pair comes under intense selling pressure and plummets to the 161.00 neighborhood heading into the European session on Thursday, snapping a three-day winning streak to the highest since 1986 set the previous day.
placeholder
Fed Chair Warsh Says Inflation Risks Are Receding, Sending Gold Rebounding by Nearly $100On Wednesday (July 1), Eastern Time, Federal Reserve Chairman Warsh stated at the ECB's annual forum in Sintra, Portugal, that while recent US inflation expectations and inflation risks h
Author  TradingKey
Yesterday 03: 17
On Wednesday (July 1), Eastern Time, Federal Reserve Chairman Warsh stated at the ECB's annual forum in Sintra, Portugal, that while recent US inflation expectations and inflation risks h
goTop
quote