Experts say inflation report supports one final Bank of Canada rate hike before pausing - BNN Bloomberg

rose 6.3 per cent on a year-over-year basisRandall Bartlett, senior director of Canadian economics at Desjardins Group, said he thinks this report won’t have a dramatic impact on the Bank of Canada’s rate decision on Jan. 25.

He added that he expects the Canadian central bank will increase its key policy rate by 25 basis points and his opinion hasn’t changed after the latest CPI data. Karyne Charbonneau, executive director of economics at CIBC Capital Markets, said that without including the increase in mortgage interest costs, the inflation data looks more optimistic.

“Overall, this report is largely as anticipated and we therefore continue to expect the Bank of Canada to raise rates by 25 bps next week before pausing for the rest of the year.”since its March 2, 2022 meeting.

pause it friggen now already. BoC and the Gov took the lazy way out to deal with inflation caused primarily via greed and world supply chains

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