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MNI PODCAST: FedSpeak - BOC Needs a Fix on QE Losses

Source: Bank of Canada
(MNI) OTTAWA
EXECUTIVE SUMMARY
  • Thorsten Koeppl, a Queen's University economics professor and Bank of Canada research award winner, says the government should change legislation to allow the central bank to report a "deferred asset" covering losses on QE.
  • The change is needed after historic losses coming on government bond purchases during the pandemic, he says.
  • Active bond sales aren't the best option even as the central bank appears set to further slow its interest-rate increases.
Listen to the podcast here.
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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