Economics
Bank of Canada Keeps Door Open to Possibility of Negative Rates
- Macklem softens stance; says they remain in toolkit if needed
- Still, policy makers aren’t actively discussing such a move
Tiff Macklem speaks via video conference at a Global Risk Institute event on Oct. 8.
Photographer: David Kawai/BloombergThis article is for subscribers only.
Bank of Canada Governor Tiff Macklem said negative interest rates remain an option, even if policy makers aren’t currently considering such a move.
“We are not actively discussing negative interest rates at this point but it’s in our toolkit and never say never,” Macklem said Thursday via videoconference, after a speech to the Global Risk Institute.