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Macklem says Bank of Canada will have to 'discover' neutral rate

financialpost
Summary
Nutrition label

78% Informative

Governor Tiff Macklem offered more insight into the Bank of Canada’s decision to deliver a jumbo interest-rate cut last week .

Macklem pushed back on suggestions that larger than quarter -point reductions in interest rates need only coincide with emergencies or times of economic stress.

“It makes sense to take some bigger-than-normal steps when you've taken some really big steps on the way up,” Macklem said.

VR Score

87

Informative language

89

Neutral language

54

Article tone

informal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

9

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