BoC’s Macklem signals more rate cuts as inflation progress continue

BoC Governor Tiff Macklem, in a speech overnight, suggested that more interest rate cuts are likely, contingent on incoming economic data. He acknowledged, “With the continued progress we’ve seen on inflation, it is reasonable to expect further cuts in our policy rate.” However, he emphasized that the timing and pace of such cuts would be […]

The post BoC’s Macklem signals more rate cuts as inflation progress continue appeared first on Action Forex.