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Macklem: Clear Consensus Behind 25bp Cut

CANADA
  • Q: Any consideration of 50bp cut?
  • Macklem: Clear consensus for today's 25bp cut and that the expected path of the policy rate is lower but we’re not on a predetermined path and will take it one meeting at a time. That was the main outcome of the meeting. The other element was a broad agreement that inflation will keep coming down but progress could be uneven with set backs along the way.

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