Canada finance minister defends central bank independence after rate comment

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Canadian Finance Minister Chrystia Freeland defended the central bank's independence on Wednesday after her comments welcoming the Bank of Canada's decision not to increase its key interest rate raised concerns to the contrary.

"My number one priority is to use all the tools at my disposal, and to work with partners at other levels of government across Canada, to ensure that interest rates can come down as soon as possible," Freeland added. The comments"create the impression that political interference risks influencing" the BoC's decisions, he said.

Freeland said later on Wednesday that her comment was meant to reflect her sympathy for the financial pains endured by Canadians from higher interest rates.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Finance Minister Calls Bank of Canada Rate Hold ‘Welcome Relief’Prime Minister Justin Trudeau’s government praised the Bank of Canada for holding interest rates steady, in a rare public reaction to a monetary policy decision.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Premiers, finance minister welcome Bank of Canada's interest rate holdCanadian politicians welcomed the Bank of Canada’s decision to hold interest rates, though one economist was skeptical that calls for a rate pause from a handful of premiers across the political spectrum had a real impact on the policy move.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Canada finance minister defends central bank independence after rate commentIn a widely expected decision, the Bank of Canada held interest rates steady at a 22-year high of 5%. Shortly after that Freeland issued a statement saying the central bank's decision 'is welcome relief for Canadians.'
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »