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Summary of Governing Council deliberations
This summary reflects discussions and deliberations by members of Governing Council in stage three of the Bank’s monetary policy decision-making process. This stage takes place after members have received all staff briefings and recommendations. Governing Council’s policy decision-making meetings began on April 2. The Governor presided over these meetings. Members in attendance were Governor Tiff Macklem, Senior Deputy Governor Carolyn Rogers and Deputy Governors Toni Gravelle, Sharon Kozicki, Nicolas Vincent and Rhys Mendes. Governing Council began its deliberations by discussing the outlook for the global ... (full story)
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BOC MINUTES: AHEAD OF THE APRIL 10TH RATE ANNOUNCEMENT, THE GOVERNING COUNCIL AGREED THAT ANY MONETARY POLICY EASING WOULD PROBABLY BE GRADUAL.
— FinancialJuice (@financialjuice) April 24, 2024
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BOC MINUTES: THERE WERE DIFFERENT VIEWS ON HOW MUCH MORE ASSURANCE WAS NEEDED TO BE CONFIDENT THAT INFLATION WAS ON A SUSTAINABLE PATH BACK TO THE 2% TARGET.
— FinancialJuice (@financialjuice) April 24, 2024
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BOC MINUTES: SOME MEMBERS FELT THERE WAS A RISK OF KEEPING MONETARY POLICY MORE RESTRICTIVE THAN NEEDED, GIVEN THE DECLINE IN INFLATION.
— FinancialJuice (@financialjuice) April 24, 2024