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BOC minutes: Debated not hiking at the July 12 meeting

BOC minutes: Debated not hiking at the July 12 meeting
Consensus among BOC members was that the cost of delaying action was greater than the benefit of waiting for more dataAgreed they were prepared to hike further if needed but 'did not want to do more than they had to'Concerned that progress towards price stability could stall and inflation could rise again if upside surprises materializeFelt the data clearly indicated that excess demand and core inflation were proving to be more persistent than expectedCore inflation measures suggest the return t... Read More
Posted: Jul 26 2023, 17:32
Author Name: forexlive
Views: 102753

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