BOC's Macklem Says Path Of Any Future Interest Rate Cuts Likely To Be Gradual; Don't Need To Move Lock And Step With The U.S. Fed
Portfolio Pulse from Benzinga Newsdesk
Bank of Canada's Governor Tiff Macklem stated that any future interest rate cuts are likely to be gradual. This cautious approach aims to ensure economic stability and manage inflation effectively.
June 05, 2024 | 2:46 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The Bank of Canada's indication of gradual interest rate cuts could impact the iShares MSCI Canada ETF (EWC), as it reflects the economic outlook and monetary policy stance in Canada.
The gradual interest rate cuts by the Bank of Canada suggest a cautious approach to monetary policy, which could stabilize the economic outlook. This may have a neutral short-term impact on EWC as it reflects the broader Canadian economy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50