Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Bank of Canada Deputy Governor Nicolas Vincent clarifies misinterpretation of interest rate cut in Sherbrooke speech.
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.
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.
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
El vicegobernador del Banco de Canadá, Nicolas Vincent, aclara la mala interpretación de la reducción de la tasa de interés en el discurso de Sherbrooke.