Ed Devlin, Founder of Devlin Capital, Senior Fellow at C.D. Howe Institute, and former Head of Canadian Portfolio Management at PIMCO, joins BNN Bloomberg to provide his reaction to the Bank of Canada’s decision to hold interest rates steady. He says that keeping the rates will give the bank more options to deal with the uncertainties of the pandemic.
Ed Devlin on BNN – When you're at a lower bound of interest rates, deflation is a greater problem than inflation
January 26, 2022