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ECB interest rate

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BoC's Kozicki: BoC to end quantitative tightening in 2025

Joshua Gibson FXStreet

Bank of Canada (BoC) Deputy Governor Sharon Kozicki noted on Thursday that the BoC is set to end its quantitative easing program and that future applications of QE will have a very high bar to pass before accessing additional monetary policy mechanisms.

Key highlights

Unwinding of quantitative easing through quantitative tightening has gone smoothly.
If inflation continues to ease, it is reasonable to expect further rate cuts. We are taking our interest rate decisions one meeting at a time.
The bar for us to use QE again is very high.
The BoC expects to end quantitative tightening at some point in 2025.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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