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Strong GDP numbers could force the Bank of Canada to hike next week

Bank of Canada Governor Tiff Macklem will be doing some soul searching ahead of the June 7 rate decision.In January, the central bank hiked rates to 4.50% and said this:Governing Council expects to hold the policy rate at its current level while it assesses the impact of the cumulative interest rate increases. Governing Council is prepared to increase the policy rate further if needed to return inflation to the 2% target, and remains resolute in its commitment to restoring price stability fo... Read More

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Posted: May 31 2023, 13:27

Author Name: forexlive

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