Release of the Monetary Policy Report
5 June 2024 · Tiff Macklem , Governor of the Bank of Canada (Canada)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates , inflation and price stability
TM 5 Jun 2024 · Tiff Macklem Wiki · Bank of Canada Wiki Release of the Monetary Policy Report Context Opening statement by Tiff Macklem, Governor of the Bank of Canada, at the press conference following the monetary policy decision, Ottawa, Ontario, 5 June 2024.
Why it matters Canada becomes the first G7 economy to cut rates in this cycle, to 4.75%.
Problems raised Policy was more restrictive than needed. Inflation is still above target. Core inflation needs monitoring. Solutions proposed Cut the rate to 4.75%. Expect further cuts if inflation eases. Watch core inflation closely. Read full speech on bis.org ↗ More from Tiff Macklem · Bank of Canada · all speeches
More speeches by Tiff Macklem Other leaders on monetary policy and interest rates
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