Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Bank of Canada Deputy Governor Nicolas Vincent clarifies misinterpretation of interest rate cut in Sherbrooke speech.

flag In a speech in Sherbrooke, Quebec, Bank of Canada Deputy Governor Nicolas Vincent stressed the need for transparency and effective communication to maintain public trust. flag He explained that the bank's recent interest rate cut to 4.25% was misinterpreted as indicating stronger downside risks, when it aimed to highlight inflation concerns. flag Vincent underscored the importance of precise language in conveying the bank's decision-making process, with the next rate decision due on October 23.

49 Articles

Further Reading