Free Trial

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

(MNI) OTTAWA
OTTAWA (MNI)

Canadian Finance Minister Chrystia Freeland said Tuesday the government is working to stabilize prices in such a way that allows for the central bank to shift monetary policy from restrictive to neutral.

"What we need to do as a federal government is use all the tools in our toolbox to help stabilize prices," she said in response to a question from MNI at a press conference. "That will create the conditions that allow the Bank of Canada to move from the current position of interest rates, which are intentionally contractionary, to a more neutral position." She also reiterated the Bank of Canada's independence is vital to maintain. (See: MNI INTERVIEW: BOC Could Hike Once Or Twice More, Dodge Says)

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.