{"id":74618,"date":"2022-10-26T20:46:59","date_gmt":"2022-10-26T16:46:59","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=74618"},"modified":"2022-10-26T22:38:27","modified_gmt":"2022-10-26T18:38:27","slug":"macklem-boc-cannot-rely-on-global-developments-to-bring-down-inflation","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/macklem-boc-cannot-rely-on-global-developments-to-bring-down-inflation\/10\/26\/market-updates\/","title":{"rendered":"Macklem: BoC cannot rely on global developments to bring down inflation"},"content":{"rendered":"\n<p>Bank of Canada Governor Tiff Macklem responded to questions from the press following the bank&#8217;s decision to raise the policy rate by 50 basis points to 3.75%.<br><br>The USD\/CAD pair continues to trade in negative territory following the press conference and was last seen losing 0.35% on the day at 1.3560.<br><br>Key Quotes <br>&#8220;We do expect rates will have to go up further, we will determine the pace depending on developments.&#8221;<br><br>&#8220;We cannot rely on global developments to bring down inflation in Canada.&#8221;<br><br>&#8220;We don&#8217;t expect a severe economic contraction.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of Canada Governor Tiff Macklem responded to questions from the press following the bank&#8217;s decision to raise the policy rate by 50 basis points to 3.75%.The USD\/CAD pair continues to trade in negative territory following the press conference and was last seen losing 0.35% on the day at 1.3560.Key Quotes &#8220;We do expect rates &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":[6932,10052],"class_list":["post-74618","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boc","tag-macklem"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74618","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=74618"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74618\/revisions"}],"predecessor-version":[{"id":74625,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74618\/revisions\/74625"}],"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=74618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}