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BOC's Macklem: We are not expecting a recession
Added at 10:18am
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BOC'S GOV. MACKLEM: WE'RE NOT REALLY SEEING DOWNWARD MOMENTUM IN UNDERLYING INFLATION, AND THAT IS A CONCERN.
— Breaking Market News (@financialjuice) October 13, 2023
Added at 10:18am
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BoC's Gov. Macklem:
— Zain Vawda (@zvawda) October 13, 2023
-Longer run inflation expectations remain well anchored and shorter run expectations have come down but they are still too high
-We will continue to face geopolitical shocks; in this environment, we need to be prepared for ongoing volatility @DailyFXTeam
Added at 10:18am
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BoC's Gov. Macklem:
— DailyFX Team Live (@DailyFXTeam) October 13, 2023
-When the bank releases economic projections on October 25, we're not going to be forecasting a serious recession
-This is adding uncertainty and monetary policy can influence demand to relieve inflationary pressures, but supply is harder to predict