BoC's Kozicki: BoC to end quantitative tightening in 2025

Bank of Canada (BoC) Deputy Governor Sharon Kozicki noted on Thursday that the BoC is set to end its quantitative easing program and that future applications of QE will have a very high bar to pass before accessing additional monetary policy mechanisms.

Key highlights

• Unwinding of quantitative easing through quantitative tightening has gone smoothly.
• If inflation continues to ease, it is reasonable to expect further rate cuts. We are taking our interest rate decisions one meeting at a time.
• The bar for us to use QE again is very high.
• The BoC expects to end quantitative tightening at some point in 2025.