BoC’s Macklem signals more rate cuts as Canada returns to low inflation

Addressing the House of Commons Standing Committee on Finance, BoC Governor Tiff Macklem explained the rationale behind last week’s 50bps rate cut, highlighting that “inflation is now back to the 2% target”. He emphasized that Canada is now in a period of “low inflation,” and the bank’s priority is to “maintain low, stable inflation” and […]

The post BoC’s Macklem signals more rate cuts as Canada returns to low inflation appeared first on Action Forex.