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BOC Sept minutes: BOC didn't want to raise expectations of a near-term reduction in rates

BOC Sept minutes: BOC didn't want to raise expectations of a near-term reduction in rates
The Bank of Canada's Governing Council did not want to set expectations for a rate reduction in the near future, as per the September 6th announcement minutes.The Council's discussions revolved around either maintaining the current rates or increasing them.Given the uncertain trajectory of core inflation, maintaining a stricter policy should be considered.The lack of improvement in underlying inflation is a major worry.The Council deliberated if high core inflation might continue even as signs s... Read More
Posted: Sep 20 2023, 17:32
Author Name: forexlive
Views: 092148

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