Free Trial

MNI BRIEF: BOC Should Pare QE Next Week: CD Howe Shadow Panel

OTTAWA (MNI)

The Bank of Canada should pare back QE at its meeting next week, according to six of nine members on a shadow council run by the C.D. Howe think-tank.

The current pace of at least CAD4 billion a week of bonds, itself scaled back earlier this year from a pace of CAD5 billion, still left many members concerned "about the Bank's apparent role as a major buyer of government debt," according to the report Thursday.

Eight of nine members said the 0.25% rate should remain at the policy decision next Wednesday, and one called for a reduction to 0.1%.

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.