Bank of Canada to make rate decisions based on domestic economy, not markets or the Fed, says Macklem
https://financialpost.com/news/economy/bank-of-canada-interest-rate-decisions-domestic-macklem
Bank of Canada to make rate decisions based on domestic economy, not markets or the Fed, says Macklem
https://financialpost.com/news/economy/bank-of-canada-interest-rate-decisions-domestic-macklem
10 Comments
That sounds familiar.
What a nice way to cover your butt for the rate hike. Diesel prices are global regardless of domestic markets and it’s driving up the cost of everything.
What nonsense.
It’s all intreconnected. Of course they’re going to be looking at the whole picture.
Love it. We aren’t raising rates just because the Americans did. We’ll manage our own inflation problem.
We love to hear it
Wouldn’t be the first time he’s implying one thing but will then do another. I’d take this with a grain of salt and still expect a rate hike.
It goes without saying, why is he even mentioning it. Does he want a medal to do the only logical approach? Also the market cannot be separated from the economy, there’s no such thing as a ‘real economy’ separated from the capital markets.
Transient Tiff! Wasn’t he the guy that held rates comically low so JT could keep printing money and giving it away for likes on social media?
The interest rate differential has such huge effect on the currency value that it can’t be allowed to get too wide.
Not raising rates will cause a weaker Canadian dollar, but raising rates will slow down the domestic economy