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Release of the Monetary Policy Report

· 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, trade, fragmentation and geopolitics

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· Tiff Macklem Wiki · Bank of Canada WikiRelease of the Monetary Policy Report

ContextOpening statement by Tiff Macklem, Governor of the Bank of Canada and Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, at the press conference following the monetary policy decision, Ottawa, Ontario, 29 January 2025.

Why it mattersThe Bank of Canada cuts again while warning that US tariff threats cloud the outlook.

Problems raised
  1. The threat of US tariffs clouds the outlook.
  2. Weak activity and higher costs pull inflation opposite ways.
  3. Supply chains may be disrupted.
Solutions proposed
  1. Cut the policy rate by 0.25 point.
  2. Assess inflation pressures both ways.
  3. Monitor tariff threats.
Read full speech on bis.org ↗

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