October 23, 2024 14:47 GMT
BOC: No Plans for Tweak to QT Timelines
BOC
Bank of CanadaGlobalCentral Bank NewsCanadaBulletMarketsFixed Income BulletsForeign Exchange BulletsRegionNorth America
Q: How much discussion on rate cut size? Any discussion of cut bigger than 50bps?
- A: We had a good discussion - what I can tell you is that there was a clear consensus that 50bps was appropriate. Summary of deliberations will provide more colour.
Q: Does acceleration in pace of cuts suggest BoC will bring forward timing of end of QT?
- A: Position on QT has not changed. Building confidence in BoC on direction of the Canadian economy. QT is also headed in the right direction and we do not plan any changes.
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