Macklem remains open to further easing
Bank of Canada Governor Tiff Macklem has indicated that the central bank is still considering further monetary policy easing measures. In a recent statement, Macklem mentioned that the Bank of Canada is keeping a close eye on the economic recovery and is ready to take action if necessary.
Macklem’s comments come as the Canadian economy continues to face challenges due to the ongoing COVID-19 pandemic. With uncertainty surrounding the economic outlook, the central bank is leaving the door open to further easing measures to support the recovery.
While no specific details were provided on what these measures could entail, Macklem’s statement suggests that the Bank of Canada is prepared to provide additional support to the economy if needed. Investors and analysts will be closely monitoring any developments from the central bank in the coming months.