- Story Log
User | Time | Action Performed |
---|---|---|
-
Press Conference: Monetary Policy Report – January 2024
- Comments
- Subscribe
- Comment #1
- Quote
- Jan 24, 2024 10:35am Jan 24, 2024 10:35am
- almonleng
- | Joined May 2008 | Status: Member | 62 Comments
-
- Older Stories
Negotiations over the Israel-Hamas war are zeroing in on a cease-fire deal of one to two months in exchange for all remaining Israeli hostages being held captive in Gaza, ...
Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank of Canada’s Monetary Policy Report (MPR). Today, we maintained our policy interest rate at 5%. We are also continuing our policy of quantitative tightening. Our message today is twofold. First, monetary policy is working to relieve price pressures, and we need to stay the course. Inflation is coming down as higher interest rates restrain demand in the economy. But inflation is still too high, and underlying inflationary pressures persist. We need to give these higher rates time to do their work. Second, with overall demand in the econom post: BOC'S GOV. MACKLEM: THE BANK IS NOW STARTING TO LOOK AT HOW LONG RATES NEED TO STAY AT CURRENT LEVELS RATHER THAN WHETHER POLICY RATE IS RESTRICTIVE ENOUGH. post: BOC'S GOV. MACKLEM: THERE WAS A CLEAR CONSENSUS AT GOVERNING COUNCIL TO MAINTAIN POLICY RATE AT 5%. post: BOC'S GOV. MACKLEM: PUSH AND PULL ON INFLATION MEANS FURTHER DECLINES ARE LIKELY TO BE GRADUAL AND UNEVEN, PATH BACK TO 2% TARGET WILL BE SLOW AND RISKS REMAIN.
Businesses in the US signalled a stronger upturn in activity at the start of the year, as output growth quickened to the sharpest rate in seven months. The expansion was driven by ...
-
- Newer Stories
U.S. crude oil refinery inputs averaged 15.3 million barrels per day during the week ending January 19, 2024, which was 1.4 million barrels per day less than the previous week’s ...
post: BANK OF CANADA'S MACKLEM ASKED BY REPORTERS ABOUT END TO QUANTITATIVE TIGHTENING: WE NOT THERE YET #economy post: BoC Gov Macklem, When Asked Whether Governors Discussed A Rate Cut At Last Meeting, Said ‘Focus Was Very Much On Holding Rates Steady’ - It's Premature To Discuss A Rate Cut - We Need To See More Progress Before We Discuss A Possible Rate Cut post: BOC'S GOV. MACKLEM: WE'RE NOT FORECASTING A DEEP RECESSION, WE DON'T THINK WE NEED ONE TO GET INFLATION BACK TO TARGET. post: BOC'S GOV. MACKLEM: IT'S IMPORTANT THAT WE DON'T GIVE CANADIANS A FALSE SENSE OF PRECISION AS REGARDS TIMING OF A RATE CUT.
Germany is bracing for widespread disruption to rail services after train drivers embarked on a record six-day strike Wednesday that will wreak havoc on travel plans, strain ...
- Story Stats
- Posted: Jan 24, 2024 10:30am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 2,867
- Linked event: