Bank of Canada raises rate to 4.5%, but signals pause in historic hiking cycle

to the two per cent target and remains resolute in its commitment to restoring price stability for Canadians.”Article content

That last part is meant to make sure no one confuses Macklem’s message with a declaration of victory in his fight against the worst inflation scare since the early 1980s. Embers remain hot, as Canada’s economy continues to exhibit signs of “excess demand,” including elevated prices for domestic services and surveys that suggest employers still are struggling to find workers.

Policymakers won’t be considering interest rate cuts anytime soon, and if the inflationary fever persists, the central bank will raise interest rates again. But that’s not what it sees happening. The Bank of Canada noted that headline inflation — as measured by year-over-year changes in Statistics Canada’s consumer price index — dropped to 6.3 per cent in December from a peak of 8.1 per cent in June.Article contentTry refreshing your browser, orMacklem and his deputies predict that trend will continue, mostly because energy prices have declined, and because global supply chains are loosening.

The updated inflation forecast is significant because it suggests price increases will be back in the central bank’s comfort zone of one per cent to three per cent before the year is over. The forecast puts inflation back at the two per cent — the midpoint of that comfort zone — sometime in 2024.

that has to be it...right?

Breaking News.... The very same Bank of Canada that caused the inflation by creating 300 Billion in extra currency (which was the inflation) Now wants to charge you (the individual) for the Government's spending spree

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 raises key interest rate again, signals pause in rate hikesThe Bank of Canada has raised its overnight rate by 25 basis points, moving its policy rate to 4.5 per cent from 4.25 per cent. If projections hold steady, the central bank has signalled a pause at its current rate, while it assesses the full impact of its hikes on the economy. The Bank of Canada has raised its overnight rate by 25 basis points, moving its policy rate to 4.5 per cent 'Higher than normal wage growth' I don't believe that for second. How does Tiff Macklem still have a Job? He created this inflation by creating 300 Billion in extra currency (which was the inflation) The higher prices are just a consequence of the inflation
Source: CTVNews - 🏆 1. / 99 Read more »

Posthaste: What another Bank of Canada hike would mean to borrowers and the housing marketBank of Canada is expected to raise interest rates again. What does this mean to Canadian borrowers and the housing market. Find out
Source: fpinvesting - 🏆 43. / 63 Read more »

Bank of Canada expected to announce 8th consecutive interest rate hike - National | Globalnews.caMarkets widely expect the central bank to hike its key interest rate by a quarter of a percentage point to bring its key interest rate to 4.5 per cent.
Source: GlobalNational - 🏆 81. / 51 Read more »

Today is a pivotal moment in the Bank of Canada's inflation fight: What to expectThe safe bet is the Bank of Canada will raise interest rates another quarter\u002Dpoint increase in its inflation fight. Read more One and done ✅ No hike!
Source: financialpost - 🏆 7. / 85 Read more »

Bank of Canada to announce interest rate decision today, expected to hike to 4.5%Bank of Canada is set to announce its latest interest rate decision as markets widely expect the central bank to hike its key interest rate 'And the budget will balance itself'.
Source: calgaryherald - 🏆 64. / 52 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 »