Bank of Canada maintains rates despite decades-high inflation

Canada’s central bank is holding interest rates at 0.25 per cent, but warns that increases to fight high inflation are coming.

Inflation rose to 4.8 per cent in December for the first time since 1991. The bank says that the causes of high inflation, such as supply shortages, are temporary and will ease to three per cent by the end of this year. “Canadians should expect a rising path for interest rates. We are committed to bringing inflation back to target.”

“Our forecast has been for three rate hikes this year, though we see upside risk to that call if the BOC does get an earlier start,” Nye said in a written statement.

.bankofcanada But to...and for....whom does he speak? And why? This is the group that - on a hot mic - told Canadians that they don't speak to certain media, like mindingottawa. What are they afraid of? Being heard? Or not getting out a specific message for liberal_party?

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