The Financial Post reports in its Saturday, Dec. 16, edition that cutting the Bank of Canada's policy interest rate does not seem to be top of mind for Governor Tiff Macklem, who said Friday that it is still too early to consider undoing the most aggressive series of rate hikes in decades. The Post's Denise Paglinawan writes that Mr. Macklem made the remarks while delivering his end-of-year speech before the Canadian Club Toronto on Friday, two days after U.S. Federal Reserve chairman Jerome Powell poured fuel on a stock market rally by suggesting that rates were at or close to their peak. Despite widespread predictions that the BOC will start cutting interest rates in 2024, Mr. Macklem said that until the BOC sees evidence that Canada is clearly on a path back to 2-per-cent inflation, cuts are off the table. Mr. Macklem said the BOC does not need to wait until inflation is all the way back to that target to consider easing policy, but it does need to be clearly headed to 2 per cent. He said: "When it's clear that inflation is on a sustained downward track, we can begin discussing lowering our policy interest rate. We have not started having that discussion, because it's too early to have that discussion."