Macklem: Monetary Policy Report Press Conference Opening Statement
Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank’s Monetary Policy Report (MPR). Today, we raised the policy interest rate by 50 basis points to 3.75%. This is the sixth consecutive increase since March. Quantitative tightening continues and is complementing increases in the policy rate. We also expect our policy rate will need to rise further. How much further will depend on how monetary policy is working to slow demand, how supply challenges are resolving and how inflation and inflation expectations are responding to this ... (full story)
BOC'S MACKLEM: SEEING EARLY ENCOURAGING SIGNS THAT UNDERLYING INFLATION IS COMING DOWN— 4XInsight (@4xInsight) October 26, 2022
BoC’s Macklem: We Expect Growth to Stall in the Next Few Quarters; Once We Get Through This Slowdown, Growth Will Pick Up— *seven (@sevenloI) October 26, 2022
BoC’s Macklem: We Noted Emergence of Financial Stresses in Some Markets in Recent Months
BoC’s Macklem: Seeing Early Encouraging Signs That Underlying Inflation Is Coming Down— *seven (@sevenloI) October 26, 2022
BoC’s Macklem: There Are No Easy Outs to Restoring Price Stability, We Are Trying to Balance the Risks of Under- And Over-Tightening,
BoC’s Macklem: Tightening Phase Will Draw to a Close; ‘We Are Getting Closer, but We Are Not There yet’— *seven (@sevenloI) October 26, 2022
BoC’s Macklem: We Are Still Far From the Goal of Ensuring Inflation Is Low, Stable And Predictable
- Comment #1
- Oct 26, 2022 11:23am Oct 26, 2022 11:23am
- | Commercial Member | Joined Dec 2014 | 17 Comments
- Comment #2
- Oct 26, 2022 11:27am Oct 26, 2022 11:27am
- | IP XXXX::46
- Comment #3
- Oct 26, 2022 11:28am Oct 26, 2022 11:28am
- Joined Oct 2015 | Status: Ltf market | 1469 Comments
- Comment #4
- Oct 26, 2022 11:41am Oct 26, 2022 11:41am
- | IP XX.XX.59.32
- Comment #5
- Oct 26, 2022 2:25pm Oct 26, 2022 2:25pm
- Joined Jul 2007 | Status: Member | 2660 Comments
- Older Stories
Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers answer reportersí questions following the policy rate decision and the release of the Monetary Policy Report.
U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending October 21, 2022 which was 114,000 barrels per day less than the previous weekís ...
Canada's central bank continued its campaign to wrestle high inflation into submission on Wednesday, raising its benchmark interest rate by 50 basis points to 3.75 per cent. The ...
- Newer Stories
tweet at 11:17am: BOC'S GOV. MACKLEM: BOC SEES A SIGNIFICANT SLOWING OF THE CANADIAN ECONOMY. tweet at 11:17am: BANK OF CANADA'S MACKLEM TO REPORTERS: A FEW QUARTERS OF SLIGHTLY NEGATIVE GROWTH JUST AS LIKELY AS A FEW QUARTERS OF SLIGHTLY POSITIVE GROWTH; NO EASY OUT FOR REACHING PRICE STABLITY #inflation #economy #Canada @bankofcanada tweet at 11:20am: BoC's Gov Macklem: - We are seeing signs of significant slowdown - By frontloading rates, we are trying to avoid even higher rates in the future - We expect to see growth near zero for the next few quarters $CAD #BoC tweet at 11:24am: BoCís Macklem: Next Time Bank Raises Rates It Could Be Another Larger Than Normal Hike, Might Be a Normal Sized One BoCís Macklem: It Was Appropriate to Slow the Pace of Increase in Our Policy Rates From Very Big Steps to a Big Step
Sales of new US homes fell in September, resuming a downtrend as decades-high mortgage rates push would-be buyers out of the market. Purchases of new single-family homes decreased ...
First it was Australia, now it is Canada's turn to hike less than expected. Moments ago Canadaís central bank unexpectedly slowed its pace of hiking, increasing its benchmark ...