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BoC's Macklem: BoC sees a significant slowing of the Canadian economy
BOC'S GOV. MACKLEM: BOC SEES A SIGNIFICANT SLOWING OF THE CANADIAN ECONOMY.
— Breaking Market News (@financialjuice) October 26, 2022
Added at 11:18am
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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
— Mace News (@MaceNewsMacro) October 26, 2022
Added at 11:20am
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BoC's Gov Macklem:
— DailyFX Team Live (@DailyFXTeam) October 26, 2022
- 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
Added at 11:24am
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BoC’s Macklem: Next Time Bank Raises Rates It Could Be Another Larger Than Normal Hike, Might Be a Normal Sized One
— *seven (@sevenloI) October 26, 2022
BoC’s Macklem: It Was Appropriate to Slow the Pace of Increase in Our Policy Rates From Very Big Steps to a Big Step