Gravelle: BOC expects to announce end of quantitative tightening in 1H of 2025 ...Middle East

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Gravelle: BOC expects to announce end of quantitative tightening in 1H of 2025
BOC expects to announce and of quantitative tightening in first half of 2025we will need to restart our normal course of asset purchases gradually and well before September.We will not be ending QT out of any concern about functioning of rebar markets.We will not be buying assets on any active basis to stimulate the economy like we did with the QE during the pandemic.Currently we have about C$130 billion in settlement balances, should hit the new target in mid-2025While QT is almost finished, the composition of our asset holdings won't be back to normal for quite some time This article was written by Greg Michalowski at www.forexlive.com.

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