BOC Macklem: We are not in active discussions on negative rates

BOC Macklem

BOC Macklem is speaking and says:

• The BOC is not in active discussions on negative rates, but says "never say never"

Earlier the Governor of the Bank of Canada said:

• full recovery will take a long time and many risks remain
• it will be a long slow climb to get everyone back working at pre-pandemic hours
• The financial markets are functioning well
• QE is working and credit is flowing