Bank of Canada's Jumbo Rate Cut
This is a news story, published by financialpost, that relates primarily to Macklem news.
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neutral ratefinancialpost
•Macklem says Bank of Canada will have to 'discover' neutral rate
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.
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