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Prices at the Pumps - March 20, 2024 #saltwire #energymarkets #pricesatthepumps #gaspricesOTTAWA, March 21 - The Bank of Canada is continuing its quantitative tightening program and should wrap it up in 2025, deputy governor Toni Gravelle said on Thursday, while conceding the operation could end earlier.
"Based on the maturity profile of our assets, we should get to this range sometime in 2025," Gravelle said in a speech in Toronto. The bank had earlier indicated that QT would run until the end of 2024 or the first half of 2025. "The bottom line is the balance sheet normalization process is continuing ... and we have tools to manage any temporary funding pressures that might come up along the way," he said.
Shrinking settlement balances gives the bank more room for injecting money during times of economic crisis.
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Bank of Canada says quantitative tightening should end in 2025The Bank of Canada is continuing its quantitative tightening (QT) program and should wrap it up in 2025, deputy governor Toni Gravelle said on Thursday...
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BoC expects quantitative tightening to end in 2025, deputy governor saysOTTAWA — Bank of Canada deputy governor Toni Gravelle says the central bank expects quantitative tightening to end sometime in 2025.
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