Bank of Canada Governor Tiff Macklem indicates potential interest rate cut from 23-year highs.
Bank of Canada Governor Tiff Macklem revealed on Wednesday that the central bank is getting closer to cutting interest rates from their 23-year highs, as he spoke to the Senate banking committee. Macklem noted that while progress towards price stability is visible, the Bank needs to see it sustained for a longer period before making a decision.
May 01, 2024
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