Subscribe To
BOC's Rogers: Falling Canadian dollar would put upwards pressure on inflation
Rogers was asked about the Canadian dollar and said that if it depreciates, imports will become more expensive and that will put upward pressure on prices. She said that if that happens, it will need to be built into BOC forecasts.
She was careful not to comment on the value of the currency and I don't think there's a takeaway here. I've written many times about the risks of imported inflation in H2 if the BOC shifts to a dovish stance on a severe slowdown in housing and consumption. Read More
Posted: Mar 9 2023, 19:38
Author Name: forexlive
Views: 102388
