Release of the Monetary Policy Report
16 April 2025 · 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
TM 16 Apr 2025 · 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 and Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, at the press conference following the monetary policy decision, Ottawa, Ontario, 16 April 2025.
Why it matters The Bank of Canada pauses after seven cuts and uses scenarios because tariff outcomes are unknowable.
Problems raised Tariffs weaken the economy and raise costs. Opposing forces make inflation hard to forecast. Uncertainty is high. Solutions proposed Hold the rate at 2.75% after seven cuts. Watch risks closely. Use scenarios given uncertainty. 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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