BRIEF-Any Bank Of Canada Decision On A Possible Rate Hike Is Less About A Timeline And More About Conditions - Governor Tiff Macklem
BY Reuters | ECONOMIC | 11:03 AM EDTJune 10 (Reuters) -
* ANY BANK OF CANADA DECISION ON A POSSIBLE RATE HIKE IS LESS ABOUT A TIMELINE AND MORE ABOUT CONDITIONS - GOVERNOR TIFF MACKLEM
* BOC'S MACKLEM NOTES THAT CORE INFLATION HAS TICKED DOWN
* MACKLEM: BANK WOULD ALSO LOOK AT INFLATION EXPECTATIONS WHEN MULLING A POSSIBLE RATE HIKE
* MACKLEM: WEAKNESS OF CANADIAN ECONOMY TENDS TO PUT DOWNWARD PRESSURE ON PRICES
* MACKLEM: NOT A LOT HAS CHANGED SINCE OUR LAST DECISION, THERE HAVE NOT BEEN BIG DATA SURPRISES
* MACKLEM: CANADIAN ECONOMY IS NOT CLEARLY IN A RECESSION
* MACKLEM: ECONOMY HASN'T REALLY GROWN IN THE LAST YEAR BUT IT HASN'T SHRUNK EITHER
* BANK OF CANADA SENIOR DEPUTY GOVERNOR CAROLYN ROGERS SAYS RISKS TO THE ECONOMY ARE ABOUT WHERE WE SAW THEM LAST TIME
* BOC'S ROGERS: WE'VE GOT THE RATE WHERE WE THINK IT NEEDS TO BE RIGHT NOW
* MACKLEM: EVEN WITH A SUCCESSFUL USMCA REVIEW, YOU CAN'T BE CERTAIN ABOUT ANYTHING
* MACKLEM: BASE CASE ON USMCA TALKS IS THAT THEY CONTINUE FOR A NUMBER OF MONTHS
* MACKLEM: WE USE CORE INFLATION AS A TOOL TO UNDERSTAND HOW GENERALIZED PRICE INCREASES ARE
* MACKLEM: IF WE START TO SEE CORE INFLATION DRIFT UP, THAT WOULD CERTAINLY GET OUR ATTENTION
* NEWS CONFERENCE BY BOC'S MACKLEM ENDS Source text: Further company coverage: [ ] (Reporting by David Ljunggren)
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