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MNI BRIEF: BOC Sees Live QT Discussion At April Meeting

OTTAWA (MNI)

Bank of Canada Governor Tiff Macklem on Thursday gave one of the biggest signals yet that he's about to embrace balance sheet roll-off.

"At our next monetary policy decision in April, we will certainly have a live discussion about ending reinvestment and beginning quantitative tightening," he said at a parliamentary hearing. On Wednesday the Bank raised rates and continued its reinvestment phase of bond purchases without saying when it could move to shrink the balance sheet.

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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