Bank of Canada's Beaudry: Core inflation and excess demand led to interest rate hike – by MSalordFX BOC CentralBanks USDCAD
"We felt it was necessary," said Bank of Canada Deputy Governor Paul Beaudry on Thursday regarding the 25 basis points rate hike announced on Wednesday. He added that strong household spending and high inflation led to the hike.
In his economic progress report, entitled 'Are We Entering a New Era of Higher Interest Rates?,' Beaudry argued that a base-case scenario 'where the real neutral rate remains broadly in its pre-pandemic range is possible, but the risks appear mostly tilted to the upside.'recent dynamics in core inflation combined with ongoing excess demand
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bank of Canada expected to keep interest rate steady at 4.5%BoC Interest Rate Decision: Steady in June, rate hikes might come back later in the year – by FXstreetNews BOC SEO CentralBanks USDCAD InterestRate
Weiterlesen »
Bank of Canada raises interest rate to 4.75% vs 4.5% expectedThe Bank of Canada (BoC) is set to keep interest rates unchanged at 4.5% for the third meeting in a row on Wednesday, having become the first major ce
Weiterlesen »
Bank of Canada Lifts Rates to 22-Year High, Ending Four-Month PauseThe Bank of Canada ended on Wednesday a short-lived pause on interest-rate increases and lifted rates by a quarter-point on stronger-than-expected consumer spending
Weiterlesen »
Bank of Canada hikes rates to 4.75%, highest in 22 yearsThe Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75%, and markets and analysts immediately forecast yet another increase next month to ratchet down an overheating economy and stubbornly high inflation.
Weiterlesen »
Bank of Canada surprise rate hike reminds U.S. investors 'pause' doesn't mean 'stop'The Bank of Canada delivers a reminder to U.S. investors Wednesday that pressing “pause” on rate hikes doesn't necessarily mean the tightening cycle is over.
Weiterlesen »
Bank of Canada hikes rates to 22-year high, more increases expectedThe Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75%, and markets and analysts immediately forecast yet another increase next month to ratchet down an overheating economy and stubbornly high inflation.
Weiterlesen »