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Macklem: Certainly Not There Yet On QT Reduction

CANADA
Macklem didn't offer anything imminent when asked about plans to slow QT.
  • We’ll take it one decision at a time. Our balance sheet is gradually declining and at a certain point will reach a more normal level.
  • We put out some estimates about where that might be and we’re still some way from there. As we get closer we’ll continue to refine that view.
  • I can assure you as we’ve done every time we’ll get out ahead on that - we’re certainly not there yet.

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