BoC Governor Macklem: “A natural next step” after rate hike is to move to QT

Bank of Canada Governor Tiff Macklem said on Thursday that the decision to hike interest rates means ending reinvestments and moving towards Quantitative Tightening (QT) as "a natural next step", Reuters reported. The timing and pace of QT will be fully transparent, Macklem added, saying that when we initiate quantitative tightening, we do not intend to actively sell bonds.