The Globe and Mail reports in its Saturday edition that Bank of Canada Governor Tiff Macklem spent most of the previous year denying any speculation of interest rate cuts. The Globe's Mark Rendell writes that during a news conference, however, after the latest rate decision, he hinted at a possible rate cut in June. Though it may appear insignificant to the inexperienced, in the world of central bankers, such statements can trigger market shifts. The timing of the interest rate decrease will depend on upcoming inflation reports, and recent inflation data from the United States has put the Bank of Canada in a difficult position. Despite this, the bank's governing council has started discussing when to ease monetary policy, marking the first time since the pandemic's early months that rate cuts are being considered. Mr. Macklem says: "We've been pretty clear, we're encouraged by the progress we've seen. Since January -- you look at all our inflation indicators -- some are making more progress than others, but they're all moving in the right direction. And what we're looking for is for that to be sustained. We want to be confident that that's durable. And when we are confident that it's durable, it will be appropriate."