BoC: Canada's financial system remains resilient
|Key Quotes from BoC Governor Tiff Macklem: Canada's financial system remains resilient. There could be volatility in global markets as expectations shift about the scope and timing of rate cuts.
Key Quotes from BoC Governor Tiff Macklem: Canada's financial system remains resilient. There could be volatility in global markets as expectations shift about the scope and timing of rate cuts.
While speaking before the House of Commons Finance Committee on Thursday, Bank of Canada (BoC) Governor Tiff Macklem said Canadian inflation rate will probably stay close to 2.9% for the next several months, citing rising gasoline prices, per Reuters.
Bank of Canada (BoC) Governor Tiff Macklem hit newswires late Wednesday, reiterating that the BoC isn't beholden to following the Federal Reserve's (Fed) playbook as the two central banks grapple with slightly different economic situations.
Tiff Macklem, Governor of the Bank of Canada (BoC), explains the rationale behind the BoC's decision to keep the interest rate steady at 5% after the March policy meeting and responds to questions from the press.
Tiff Macklem, Governor of the Bank of Canada (BoC), explains the BoC decision to leave the interest rate unchanged at 5% after the January policy meeting and responds to questions from the press.
The Bank of Canada (BoC) opted to maintain its key interest rate at 5% on Wednesday, for the third consecutive decision, as widely expected. According to the BoC the latest data “suggest the economy is no longer in excess demand". The tone of the statement hints at no rate hikes ahead.
The Bank of Canada (BoC) announced on Wednesday that it left the benchmark interest rate unchanged at 5% following the October policy meeting. This decision came in line with the market expectation.
The Bank of Canada is the nation's central bank. Its principal role is "to promote the economic and financial welfare of Canada," as defined in the Bank of Canada Act. The Bank’s four main areas of responsibility are:
The official website, on Twitter and YouTube
Tiff Macklem was born in Montréal, Quebec, in 1961. He was appointed Governor of the Bank of Canada, effective 3 June 2020, for a seven-year term. He is the tenth governor of the Bank of Canada. As Governor, he is also Chairman of the Board of Directors of the Bank for International Settlements (BIS). He currently chairs both, the BIS Audit Committee and the Consultative Council for the Americas.
Macklem on his BOC's profile and Wikipedia
The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.