Canada scales back liquidity measures
Policy-makers keep rates unchanged; new governor Tiff Macklem plays observer role on first day
The Bank of Canada has pulled back some of its liquidity measures after seeing market conditions improve, today’s (June 3) monetary policy meeting statement shows.
The central bank left its target policy rate unchanged at 0.25%. While new governor Tiff Macklem assumed his role today, he participated as observer to the governing council’s discussions during the meeting. Macklem “endorses the rate decision and measures announced in this press release”, the statement says.
The central bank is
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