FXStreet (Mumbai) - The Bank of Canada senior deputy governor Caroline Wilkins was on the wires today stating the QE is an adequate, but not perfect substitute for monetary policy when the interest rate cannot go lower.
Key Quotes
Current inflation-targeting framework is working well
Negative policy interest rates lessens the need to raise inflation target
2% inflation target means 0% policy rate more likely than before
Premature to say if negative rates create more demand or not
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