Free Trial
BOK

BoK Hikes Rates By 25bp To 3.25%

BOK

On the Lookout For BoK

JGBS

Modest Bid In Post-Holiday Catch Up

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: BOC Says Will Review QE In Tough Lawmaker Meeting

(MNI) OTTAWA
OTTAWA (MNI)

BOC Governor Tiff Macklem plans to review tools used to pull through the Covid pandemic and suggested QE contributed to rapid inflation through the rebound during testimony at one of the toughest parliamentary hearings in recent memory.

New Democratic Party Leader Jagmeet Singh, who's propping up a minority Liberal government, took the rare step of showing up to ask Macklem questions including why he appeared eager to focus on wage demands rather than corporate profits as a source of inflation. Former Conservative Party Leader Andrew Scheer pushed Macklem on whether government bond buying fed the fastest price gains in four decades and asked if emerging losses on QE require a "bailout" of the central bank.

Keep reading...Show less
184 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

BOC Governor Tiff Macklem plans to review tools used to pull through the Covid pandemic and suggested QE contributed to rapid inflation through the rebound during testimony at one of the toughest parliamentary hearings in recent memory.

New Democratic Party Leader Jagmeet Singh, who's propping up a minority Liberal government, took the rare step of showing up to ask Macklem questions including why he appeared eager to focus on wage demands rather than corporate profits as a source of inflation. Former Conservative Party Leader Andrew Scheer pushed Macklem on whether government bond buying fed the fastest price gains in four decades and asked if emerging losses on QE require a "bailout" of the central bank.

Keep reading...Show less