Tiff Macklem, Governor of the Bank of Canada (BoC), explains the rationale behind the BoC's decision to keep the interest rate steady at 5% after the March policy meeting and responds to questions from the press.
Analysts at TD Securities (TDS) offer a sneak peek at what they expect from the Bank of Canada’s (BoC) policy announcement and how it could impact the Canadian Dollar.
Analysts at TD Securities think that the Bank of Canada (BoC) remains on track to start lowering the policy rate before the Federal Reserve (Fed) following the latest inflation data.
Tiff Macklem, Governor of the Bank of Canada (BoC), explains the rationale behind the BoC's decision to keep the interest rate steady at 5% after the March policy meeting and responds to questions from the press.
Tiff Macklem, Governor of the Bank of Canada (BoC), explains the BoC decision to leave the interest rate unchanged at 5% after the January policy meeting and responds to questions from the press.
The Bank of Canada (BoC) opted to maintain its key interest rate at 5% on Wednesday, for the third consecutive decision, as widely expected. According to the BoC the latest data “suggest the economy is no longer in excess demand". The tone of the statement hints at no rate hikes ahead.
The Bank of Canada (BoC) announced on Wednesday that it left the benchmark interest rate unchanged at 5% following the October policy meeting. This decision came in line with the market expectation.
The Bank of Canada is the nation's central bank. Its principal role is "to promote the economic and financial welfare of Canada," as defined in the Bank of Canada Act. The Bank’s four main areas of responsibility are:
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Tiff Macklem was born in Montréal, Quebec, in 1961. He was appointed Governor of the Bank of Canada, effective 3 June 2020, for a seven-year term. He is the tenth governor of the Bank of Canada. As Governor, he is also Chairman of the Board of Directors of the Bank for International Settlements (BIS). He currently chairs both, the BIS Audit Committee and the Consultative Council for the Americas.
The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.
