BoC’s Macklem speech: There are some reasons to believe that the neutral interest rate is higher
The Bank of Canada (BoC) Governor Tim Macklem said on late Wednesday that there are some reasons to believe that the neutral interest rate is more likely higher than lower.
Market reaction
The comments above has little to no impact on the Canadian Dollar. The USD/CAD pair is trading lower on the day at 1.3847, as of writing.
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