- Analytics
- News and Tools
- Market News
- BoC's Macklem: Economic slack is still not absorbed, but “we are getting closer” - FT
BoC's Macklem: Economic slack is still not absorbed, but “we are getting closer” - FT
Bank of Canada Governor Tiff Macklem, in an FT oped cited by Reuters, said that economic slack in the Canadian economy is still not absorbed, but that "we are getting closer", thus, adding further stimulus via QE is no longer needed. Macklem caveated that, given he believes that slack does still remain in the economy, considerable monetary stimulus remains necessary.
On supply disruptions, he said they appear longer-lasting than thought and that energy prices were adding to inflationary pressures. If the bank does turn out to be wrong about the persistence of inflationary pressures, they "will adjust", said Macklem, before adding that the BoC's forward guidance has been clear that rates will not rise until economic slack is absorbed.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
