BoC’s Macklem: Ready to cut again if tariff drag grows and inflation stays contained

BoC Governor Tiff Macklem reinforced the Bank’s dovish lean today, stating that further rate cuts could be warranted if the economic fallout from US tariffs deepens and inflation pressures remain contained. “Overall, my colleagues on Governing Council and I agreed there could be a need for a further reduction in the policy interest rate if […]

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