BoC’s Macklem see rate cuts in 2024, but with focus on core inflation trend

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<p>BoC Governor Tiff Macklem, in an interview with Bloomberg overnight, indicated that interest rate cuts are being considered “sometime in 2024,” but he emphasized that this decision hinges critically on the sustained easing of core inflation. Macklem underlined the importance of core inflation as a key focus for BoC. He stated, “We’re very focused on […]</p>
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