BoC Governor Macklem (post-rate policy announcement) says any decision on a possible rate hike is less about a timeline and more about conditions, core inflation has ticked down
- Will also look at inflation expectations when considering a possible rate hike.
- Weakness in the Canadian economy tends to put downward pressure on prices.
- Not much has changed since the last policy meeting as there have been no big data surprises.
- Canadian economy is not clearly in a recession.
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