Exclusive: -Bank of Canada’s Macklem says he is ‘not even considering’ of cutting rates & More Trending News

 

OTTAWA, Jan 25 (Reuters) – Bank of Canada Governor Tiff Macklem on Wednesday stated he was targeted on whether or not curiosity rates would want to go increased and is not even contemplating cutting them as half of the combat towards inflation.

Macklem made his remarks in an interview with Reuters after earlier asserting a price hike and saying the central financial institution would pause to see how the financial system was reacting to tightening.

“As things start to get more back to normal, at some point, yes, we probably will be thinking about some modest cuts in interest rates,” Macklem stated.

“But inflation is still over 6%. We’re not talking about cuts. We’re not even thinking about cuts … the question really we’re asking ourselves is, ‘Have we done enough?’ We’re pausing to assess whether we’ve done enough,” Macklem stated.

(Reporting by Steve Scherer and David Ljunggren)

((Reuters Ottawa bureau, +1 647 480 7921; david.ljunggren@tr.com))

Keywords: CANADA CENBANK/MACKLEM RATES

Our Standards: The Thomson Reuters Trust Principles.

Exclusive: -Bank of Canada’s Macklem says he is ‘not even considering’ of cutting rates

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Exclusive: -Bank of Canada’s Macklem says he is ‘not even considering’ of cutting rates

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Exclusive: -Bank of Canada’s Macklem says he is ‘not even considering’ of cutting rates

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