BOC's Macklem emphasizes central bank communication in speech

No comments on the outlook for monetary policy

  • Central banks need to make a larger effort to spending more time speaking and listening
  • May central banks are at the lower bound and that makes it more essential than every that inflation expectations remain anchored
  • Independence is vital

There's certainly nothing market moving here. The Canadian dollar has been whipped around along with everything else today but is now flat at 1.3143.

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