Bank of Canada deputy governor Gravelle speech on balance sheet normalization

1745 GMT/1245 Eastern time

• Bank of Canada deputy governor Toni Gravelle
• Will speak on the Bank’s balance sheet normalization process and how it will manage its balance sheet once normalization ends

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The Bank of Canada began cutting rates in 2024, beginning in June. Read from the bottom up for the progression of cuts

• December 11, 2024 3.25 (50bp cut)
• October 23, 2024 3.75 (50bp cut)
• September 4, 2024 4.25 (25bp cut)
• July 24, 2024 4.50 (25bp cut)
• June 5, 2024 4.75 (25bp cut)
• April 10, 2024 5.00

These reductions were aimed at addressing weakening economic conditions, particularly subdued inflation and softer domestic demand.

This article was written by Eamonn Sheridan at www.forexlive.com.