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BOC minutes: Agreed to assess need for further hikes based on data

BOC minutes: Agreed to assess need for further hikes based on data
Ahead of June 7 hike, the BOC debated hiking vs holding and signalling a July hikeGoverning Council felt enough data had accumulated to convince them more restrictive policy was neededGoverning Council is increasingly concerned that the disinflationary momentum needed to bring inflation back to 2% could be waningWas concerned 3-month measure of core inflation were not showing a downward trendRecent data suggested additional momentum in household sector demandNoted that housing resale prices had... Read More
Posted: Jun 21 2023, 17:34
Author Name: forexlive
Views: 081112

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