OTTAWA — The Bank of Canada will hold its key policy rate at the current level of 4.5% until the end of this year and will start cutting rates in January 2024,…
Play Video
The central bank has raised rates at a record pace over the past year to tame inflation that hit a four-decade high of 8.1% in June.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
“We expect the Bank of Canada to maintain its ‘pause’ through to the end of this year,” Parliamentary Budget Officer Yves Giroux said in a report. “With CPI inflation on track to return to its 2% target, we then expect the Bank to start lowering its policy rate early next year.”While money markets still expect that the central bank will keep its benchmark rate unchanged at next week’s policy announcement, they are pricing in additional tightening later in the year..
“Following a stronger-than-expected performance in the second half of last year, we project the Canadian economy to effectively stagnate over the course of this year,” Giroux said. Economic data have been mixed since the central bank signaled the pause, with a blowout jobs report in January showing continued labor market tightness, while inflation and GDP data have been more muted.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bank of Canada to hold rates steady in 2023, budget watchdog saysThe central bank has raised rates at a record pace over the past year to tame inflation that hit a four\u002Ddecade high of 8.1% in June.
Lire la suite »
Bank of Canada to hold rates steady in 2023, budget watchdog saysOTTAWA — The Bank of Canada will hold its key policy rate at the current level of 4.5% until the end of this year and will start cutting rates in January 2024,…
Lire la suite »
Bank of Canada to hold rates steady in 2023, budget watchdog saysOTTAWA — The Bank of Canada will hold its key policy rate at the current level of 4.5% until the end of this year and will start cutting rates in January 2024,…
Lire la suite »
Bank of Canada to hold rates steady in 2023, budget watchdog saysThe Bank of Canada will hold its key policy rate at the current level of 4.5% until the end of this year and will start cutting rates in January 2024, Canada's independent budgetary watchdog forecast on Thursday. The central bank has raised rates at a record pace over the past year to tame inflation that hit a four-decade high of 8.1% in June. After its last hike in January, the Bank of Canada became the first major central bank fighting global inflation to say it would likely 'pause' further moves as long as prices continue to come down as it has forecast.
Lire la suite »
Bank of Canada to hold rates steady in 2023, budget watchdog saysOTTAWA — The Bank of Canada will hold its key policy rate at the current level of 4.5% until the end of this year and will start cutting rates in January 2024,…
Lire la suite »
Everything Coming to Netflix Canada in March 2023 | Elle CanadaFrom season 2 of nextinfashion to MurderMystery 2 starring JenniferAniston and AdamSandler, here's everything coming to netflix Canada this month.
Lire la suite »