Reported 6 months ago
Bank of Canada's Governor Tiff Macklem's recent interest rate cut and confidence in diverging from the Federal Reserve may influence other central banks to consider rate cuts too, despite the Fed not likely to cut rates until later in 2024. This move indicates a potential trend where multiple central banks, including the European Central Bank and others, are considering easing monetary policies amid global inflation concerns. Macklem's dovish stance and openness to further rate cuts have instilled confidence in the market, with some economists emphasizing the importance of coordinated global monetary policy adjustments in response to changing economic conditions.
Source: YAHOO