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Bank of Canada left 5% overnight rate unchanged, RBC expect it'll stay there through 2023
The decision was expected by markets:Bank of Canada holds rates at 5.00% as expectedFrom RBC's response, analysts at the bank note that while headline CPI has slowed, the BoC's preferred core measure remains persistently above the 2% target. Inflation is likely to gain in the near term: Wage growth is still highoil prices higher in recent weeksRBS note that rates are now at a level the BoC sees as restrictive, enough to put downward pressure on economic growth and inflation pressures over timeAn...
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Posted: Sep 6 2023, 21:12
Author Name: forexlive
Views: 111510
