BoC expects quantitative tightening to end in 2025, deputy governor says

OTTAWA — The Bank of Canada expects quantitative tightening to end sometime in 2025, deputy governor Toni Gravelle said in a speech Thursday about how the central bank plans to manage its balance sheet.
The central bank launched quantitative easing operations for the first time ever during the pandemic – a process that involved buying government bonds from financial institutions using central bank money called settlement balances – to indirectly drive down interest rates.
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