The bank last year announced it would start publishing these summaries about two weeks after its interest rate decisions in an effort to improve transparency around how its decisions are made.
This comes after the central bank hiked interest rates aggressively over a period of less than a year, bringing its key rate from 0.25 per cent in March to 4.5 per cent on Jan. 25 in a bid to combat skyrocketing inflation. After its latest hike, the bank signalled it’s taking a pause to let the effects of higher rates sink in.
The Federal Reserve, which is the Bank of Canada’s U.S. counterpart, publishes minutes of its meetings three weeks after policy decisions. The Bank of Canada hasn’t said what format the deliberation summaries will take or how much detail it will provide.
bankofcanada to provide summary of discussions by millionaires BoC who aren't affected by interest rate hikes They know what's good for you LostHousing due to interest rates Lost jobs due to recession Lost of confidence as Liberals pretend all is good Canada cdnpoli
After hiking a billion times
These out of touch people have no regard to the harm they’ve caused to regular homeowners. How many will lose their homes because of rates. Or those that can’t sell their home for what they paid to break even. I’m not an economist but I bet these rates increases help the rich
JustinTrudeau initiated communication with bankofcanada THAT communication will not be provided but MUST be investigated. I don’t believe in ‘coincidence’ rcmpgrcpolice bank makes me laugh “pause to let the effects of higher rates sink in” people losing homes high debt!!
My take on this is that the BoC must raise rates when the US does or our dollar will be worthless. So why not republish the American summary and say 'That's why we raised our rates'?
All large businesses that profited and used covid relief to pay employee wages should have to return all the funds and be denied making any changes to the products or goods price to offset it to the customer. Only large companies that scammed the tax payer. Value village, walmart
How can we recoup all the money spent on COVID? We can squeeze the middle class even further by raising their interest rates EIGHT times in a calendar year. Sounds good? All in favor of fucking over middle class earners say Aye!
Its reads like a best selling self help book titled 'How to Fuck Over Canadians and ruin them financially forever'. Authored by the WEF.
Bank of canada is the problem, get rid of it.
When prison for Macklem
Awaiting
Lol, 1. Shall we fk working class Canadians Y/N ...... 2. do we even care about 1..........