Bank of Canada ‘ready to act’ in event of extreme market stress
OTTAWA, March 29 (Reuters) – The Bank of Canada on Wednesday said it was ready to step in with support if the banking system came under severe strain, but would only offer extraordinary liquidity in extreme cases while at the same time seeking to mitigate moral hazard.
In a speech to financial services professionals in Montreal, Deputy Governor Toni Gravelle also said the central bank’s quantitative tightening program will have run its course by the first half of 2025.
h/t BoatSurfer600
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