{"id":106321,"date":"2024-09-24T21:16:00","date_gmt":"2024-09-24T17:16:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=106321"},"modified":"2024-09-24T23:19:21","modified_gmt":"2024-09-24T19:19:21","slug":"macklem-boc-looks-for-continued-easing-of-inflation-to-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/macklem-boc-looks-for-continued-easing-of-inflation-to-2\/09\/24\/market-updates\/","title":{"rendered":"Macklem: BoC looks for continued easing of inflation to 2%"},"content":{"rendered":"\n<p>Bank of Canada (BoC) Governor Tiff Macklem noted early Tuesday that the BoC will continue to carefully watch consumer conditions in Canada, reiterating that the BoC&#8217;s timing and pace of rate cuts will be dependent on data.<br><br><strong>Key highlights<br><\/strong><br>With continued progress we&#8217;ve seen on inflation, it is reasonable to expect further cuts in our policy rate.<br><br>We will also be looking for continued easing in core inflation, which is still a little above 2%.<br><br>Bank of Canada is pleased to see inflation at 2%, now we need to stick the landing.<br><br>The timing and pace will be determined by incoming data and our assessment of what those data mean for future inflation.<br><br>The bank is scaling down work on retail central bank digital currency, shifting focus to broader payments system research and policy development.<br><br>There is a notable increase in financial stress among borrowers without a mortgage, mainly renters.<br>We will be closely watching consumer spending, as well as business hiring and investment.<br><br>I am concerned by the rising share of borrowers without a mortgage who carry a credit card balance of at least 90% of their credit limit.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of Canada (BoC) Governor Tiff Macklem noted early Tuesday that the BoC will continue to carefully watch consumer conditions in Canada, reiterating that the BoC&#8217;s timing and pace of rate cuts will be dependent on data.Key highlightsWith continued progress we&#8217;ve seen on inflation, it is reasonable to expect further cuts in our policy rate.We &hellip;<\/p>\n","protected":false},"author":13,"featured_media":33760,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6932,6987,10754],"class_list":["post-106321","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boc","tag-inflation","tag-monetary-policy-easing"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=106321"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106321\/revisions"}],"predecessor-version":[{"id":106328,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106321\/revisions\/106328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33760"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=106321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=106321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=106321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}