BoC Press Conference: Governor Macklem speech live stream – April 21
|Bank of Canada (BoC) Governor Tiff Macklem will be delivering his remarks on the policy outlook in a press conference at 1500 GMT.
Earlier in the day, the BoC left its policy rate unchanged at 0.25% as expected. Additionally, the bank announced that it will lower the weekly net purchases of the government of Canada bonds to a target of C$3 billion from C$4 billion.
In its Monetary Policy Report, the BoC revised its GDP growth forecasts for 2021, 2022 and 2023 higher while noting that the first rate hike could arrive in the second half of 2022.
Breaking: BoC leaves policy rate unchanged, lowers weekly QE purchases to C$3 billion.
BoC revises 2021 GDP growth forecast up to 6.5% from 4%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.