— remains well off the Bank of Canada’s target of two per cent. Cost pressures are receding, but perhaps not fast enough for an institution that’s mandated to achieve price stability. In other words, the Bank of Canada’s credibility is at stake. That’s one reason most of the professionals who are paid to predict the trajectory of Canadian interest rates say Macklem will raise the benchmark rate at least one more time. Citigroup Global Markets Inc.
Despite the increase, however, the central bank said the game had changed. Policymakers opted against raising interest rates in January 2022, but they did emphatically state that they would be raising the benchmark rate when they updated policy five weeks later. They followed through, locking in a sequence of policy meetings where the only question under consideration was how high? With headline inflation on its way to a June peak of 8.
“We indicated that going forward, we will be considering whether to increase rates further,” deputy governorMacklem’s dashboard
CarmichaelKevin This is what I expect This will continue until inflation is stopped. But since Liberal/NDP's keep spending at home and sending tax dollars overseas. This train is not stopping. Rates are going up, the pain will continue and all banking just might collapse under the weight of debt
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Canada to announce interest rate decision today, expected to hike to 4.5%The Bank of Canada is set to announce its latest interest rate decision this morning as markets widely expect the central bank to hike its key interest rate by a quarter of a percentage point. To give more to Ukraine Trudeau won't be happy till no one in Toronto can afford a home, hm?
Source: CP24 - 🏆 30. / 67 Read more »
Bank of Canada to announce interest rate decision today, expected to hike to 4.5 per centThe Bank of Canada is set to announce its latest interest rate decision this morning as markets widely expect the central bank to hike its key interest rate by a quarter of a percentage point. That would bring its key interest rate to 4.5 per cent, the highest it's been since 2007. A 1/2 point now and another in the summer should set a strong foundation for the future. May hurt people who have overpaid for homes, but will be good for the rest of us. People looking to retire soon, seniors and people under 30. Bad time for 30-40 year Olds. House prices down 20% from March 2022. Int rates up 1,700%. Good luck kids. I bought my first house in 1981. On the beach. Pais $15,000 for the house. Mort was 22% You will survive
Source: CTVCalgary - 🏆 26. / 68 Read more »
Economists expect one final rate hike by Bank of Canada before holding - BNN BloombergEconomists predict the Bank of Canada will raise interest rates for an eighth consecutive time with a final “insurance” hike on Wednesday before easing off its aggressive tightening policy cycle.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
What another Bank of Canada rate hike could meanThe Bank of Canada is scheduled to make an interest rate announcement Wednesday that's widely expected to push its key policy rate up to 4.5 per cent - the highest it's been since 2007. A straw on the back of the camel it means your mortgage is more expensive and you will have less money for everything else. thank your PM for this, btw This is continuing the process of making you reliant on the state. They have no care for canadian citizens
Source: CP24 - 🏆 30. / 67 Read more »
Bank of Canada to release policy meeting minutes for first time in its historyThe Bank of Canada will release meeting minutes of interest rate deliberations after its governor promised more transparency. Read on.
Source: fpinvesting - 🏆 43. / 63 Read more »