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Macdonald-Laurier Institute

Little chance of a Bank of Canada interest rate cut: Philip Cross on BNN

April 1, 2016
in In the Media, Latest News, Multimedia
Reading Time: 1 min read
A A

There isn’t much chance of a Bank of Canada interest rate cut now that the federal government has spent its way into a deficit, Philip Cross told BNN.

“It’s quite normal that there’s a yin and a yang here between fiscal and monetary policy”, Cross told BNN. “As we get looser fiscal policy, we’ll get some tighter monetary policy”.

Tags: Bank of CanadaBNNPhilip Cross
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