The Bank of Canada kept the door open to raising interest rates again in this cycle, but policymakers agreed in early July that further adjustments would be…
Governor Tiff Macklem and five other members of governing council debated pausing rate hikes before ultimately deciding to raise the benchmark overnight rate to 5% on July 12, the highest level in 22 years.Wary of overtightening monetary policy, officials plan to wait for more information before making future rate decisions. The central bank’s next scheduled decision is Sept. 6.
The deliberations confirm the Bank of Canada remains comfortable fine-tuning borrowing costs after going through one of the most aggressive hiking cycles in its history.Article content Their deliberations also focused on determining why Canada’s economy was stronger than expected earlier this year. Notably, policymakers discussed growth in interest-sensitive sectors and a rebound in housing prices.
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Bank of Canada considered pausing in July before deciding rate hike necessaryBank of Canada concluded waiting to raise rates might solidify inflation expectations and make more aggressive hikes necessary. Read on.
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Bank of Canada considered pausing in July before deciding rate hike necessaryBank of Canada concluded waiting to raise rates might solidify inflation expectations and make more aggressive hikes necessary. Read on.
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Bank of Canada considered pausing in July but feared fuelling inflation expectationsBank of Canada concluded waiting to raise rates might solidify inflation expectations and make more aggressive hikes necessary. Read on.
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Bank of Canada considered pausing in July but feared fuelling inflation expectationsBank of Canada concluded waiting to raise rates might solidify inflation expectations and make more aggressive hikes necessary. Read on.
Lire la suite »
Bank of Canada considered pausing in July but feared fuelling inflation expectationsBank of Canada concluded waiting to raise rates might solidify inflation expectations and make more aggressive hikes necessary. Read on.
Lire la suite »