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Bank of Canada to focus more on risks ahead of rate decision, says head

Kitco Media
By Reuters
Published:
Updated:
Reuters
Bank of Canada to focus more on risks ahead of rate decision, says head teaser image

OTTAWA, Oct 17 (Reuters) - The Bank of Canada will be putting more emphasis on the potential risks when it decides what to do about interest rates later this month, Governor Tiff Macklem said on Friday.

"There is a lot of uncertainty, and we're going to have to be humble about our forecast," Macklem told reporters on a conference call from Washington.

The central bank is due to release the rate decision and its latest economic forecasts on October 29.

(Reporting by Promit Mukherjee, editing by David Ljunggren)

((Reuters Ottawa editorial; david.ljunggren@tr.com, opens new tab))

Keywords: CANADA CENBANK/

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