- Analytics
- News and Tools
- Market News
- BoC's Macklem: Refuses to rule out raising interest rates by more than 50 bps, but says it would be unusual
BoC's Macklem: Refuses to rule out raising interest rates by more than 50 bps, but says it would be unusual
Bank of Canada Governor Tiff Macklem on Monday refused to rule out lifting interest rates by more than 50 bps, but said that such a move would be very unusual, reported Reuters. He also said that the government's 2022 budget is expansive, but will have very little macro-economic impact.
His remarks come after said he expects the bank will be considering another 50 bps increase in June, and that how high rates go will depend on how the economy responds and how the outlook for inflation evolves.
© 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
