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Macklem Says Bond Roll-off Easier For Mkt to Digest Than QT Sales

BOC
(MNI) OTTAWA
  • Governor Macklem reiterates BOC isn't actively considering selling federal bonds as part of its QT program, but adds new details saying the current plan for asset roll-off is predictable and "easy to digest" for the market
  • Asset sales would introduce something new to markets that isn't really needed as the Bank tightens, he said
  • The Bank is already tightening quickly and the interest rate should remain the primary tool, Macklem said
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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