Brown added: “We … think will add some guidance to its policy statement about the likelihood that interest rates will need to remain high for the rest of this year and potentially into 2024.”
at 4.5 per cent. If they’re right, it would be the smallest increase since March, when Macklem began what would become the most aggressive series of interest rate increases in the central bank’s history.Article contentEconomist David Rosenberg, who is widely read on Bay Street and Wall Street, told an audience ofon Jan. 19 that he thought central banks had already raised interest rates too high and that policymakers will be cutting rates sooner than most expect.
Brown is the first to suggest that Macklem could opt for forward guidance, a tool that central banks use to convince the public that they are serious about achieving certain outcomes.Article content
The rate decision is tomorrow at 11 am EST, the 25th of January 2023, not next week! Fed is next week.🙄
Banks get richer everyone else gets poorer
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