BOC's Macklem: So far we are not seeing much spreading of higher oil prices
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I do worry that too much forward guidance becomes false precision, can become confusing That's rich statement from a guy who said “We want to be very clear—Canadians can be confident that borrowing costs are going to remain very low for a long time,” in November 2020. Just 16 mon
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The desk anticipates a cautious approach from the Bank of Canada following Tiff Macklem's recent remarks, suggesting that while inflation remains a concern, the central bank is unlikely to make aggressive rate hikes in the near term. Per the full note [source], Macklem emphasized the importance of data-driven decisions, particularly in light of upcoming economic indicators. With inflation data due on May 19 and GDP growth figures on May 29, these releases will be critical in shaping the Bank's future policy stance. Our analysis suggests that the CAD may face headwinds if the data falls short of expectations, reinforcing the cautious tone from the BoC.
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