More from BOC's Macklem - says again it'd be extremely unusual to hike by more than 50bpGovernor Tiff Macklem and Senior Deputy Governor Carolyn Rogers are appearing before the Senate Standing Committee on Banking, Trade and Commerce.
Macklem: reiterates that it'd be extremely unusual to hike by more than 50bp in one movesays Bank may have to raise rates above neutral, to a bit above 2% ro 3%Earlier:
Bank Of Canada Governor Macklem says again that higher interest rates are needed
So far lots of reiterating from Mac - that is, not anything new.
Source: More from BOC's Macklem - says again it'd be extremely unusual to hike by more than 50bp (https://www.forexlive.com/centralbank/more-from-bocs-macklem-says-again-itd-be-extremely-unusual-to-hike-by-more-than-50bp-20220427/)
forexlive.com