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SaltWire's Atlantic regional weather forecast for October 24, 2023 | SaltWire - Bank of Canada Governor Tiff Macklem told provincial premiers, who publicly called on the central bank not to raise interest rates last month, that their requests could hinder the institution's independence, The Canadian Press reported.
Macklem, responded in a letter on Sept. 13, warning that instructions, or requests from elected officials, could give the impression that the central bank's independence is at risk, it added.
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Bank of Canada's Macklem warned premiers about cenbank's independence- Canadian PressIn a letter to Macklem sent before BoC's rate decision on Sept. 6, the premiers of Ontario, British Columbia, and Newfoundland and Labrador, expressed...
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Bank of Canada's Macklem warned premiers about cenbank's independence- Canadian PressExplore stories from Atlantic Canada.
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Macklem warns premiers about dangers of putting Bank of Canada’s independence at riskIn response to premiers who publicly asked the Bank of Canada to not raise interest rates last month, Macklem warned that ‘operational independence is critical to the legitimacy of the central bank’
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Macklem warned premiers about dangers of putting BoC's independence at riskBank of Canada Governor Tiff Macklem warned premiers who publicly asked the central bank to not raise interest rates last month that their requests could undermine the institution's independence.
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Macklem warned premiers about dangers of putting BoC's independence at riskBank of Canada Governor Tiff Macklem warned premiers who publicly asked the central bank to not raise interest rates last month that their requests could undermine the institution's independence.
Read more »