BoC Macklem: It’s still too early to consider cutting our policy rate

Bank of Canada Governor Tiff Macklem said on Friday that once the central bank “is assured that we are clearly on a path back to price stability, we will be considering whether and when we can lower our policy interest rate.” Speaking at the Canadian Club Toronto, in his final speech of the year, Macklem explained that it “is still too early to consider” interest rate cuts.