Bank of Canada expected to hold interest rate under planned pause on hikes
“ still good reason to think that consumer spending will start to slow … as debt payments rise this year,” he said.
Given the Bank of Canada’s last rate hike was just over a month ago, Charbonneau said the full effects on the economy will be felt “much later this year.” If demand falters, businesses facing lower sales will likely alter their hiring plans, causing a rise in unemployment. “A year ago, at this time, it was starting to become pretty clear that central banks were behind the curve in terms of interest rate hikes,” Janzen said.No more rate hikes? Central banks see calm in sight amid inflation battle
The Fed’s latest increase was a quarter of a percentage point, but one Fed board member has publicly suggested going back to hikes of half a percentage point.
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