Quote:
Originally Posted by Monahammer
Yeah, but we know the majority of people are not "sensible" when it comes to finances. I agree, it was an exceptional and extraordinary time... but to blast it out so publicly? That was a choice. A poor choice.
And yes, he did, here he is saying it:
https://www.bnnbloomberg.ca/interest...klem-1.1465901
"“If you’ve got a mortgage of if you’re considering making a major purchase, or you’re a business and you’re considering making an investment, you can be confident rates will be low for a long time,” Macklem said." |
The RBA governor apologized a few weeks ago for similar comments and guidance. I've never seen that, nor did I expect to see that.
There was an article today displaying surprise the Governor is expecting to run for another term instead of resigning. The difference I see is that the RBA admitted fault by apologizing, the BOC has not. Funny how it works, that being the good guy and acknowledging a mistake gets you in more hot water.