The Bank of Canada in January raised its benchmark interest rate to a 15-year high of 4.5% and became the first major central bank to say it would hold off on further increases as long as prices eased in line with its forecast.in January, data showed earlier this month.
The bank forecasts inflation to slow to about 3% by the middle of 2023, and to come down to its 2% target next year. The next inflation report will come out after the central bank's next policy-setting meeting on March 8.Excluding food and energy, January prices rose 4.9% compared with a 5.3% increase in December.
The January inflation figures give the Bank of Canada "somewhat greater comfort in their decision to go on pause at least temporarily," said Doug Porter, chief economist at BMO Capital Markets. The figures show prices coming down faster in Canada than in the United States, where annual inflation gained 6.4% in January. Goldman Sachs and Bank of America said theyOn Friday, Bank of Canada Deputy Governor Paul Beaudry said its policy-setting path can diverge from central banks in other countries as long as inflation is ultimately brought down to target.
Pp19p
Nice picture😇
What about U.S?
This is nonsense. Canadians are unhappy with Trudeau and the WEF, this is his way of pacifying them😏 JustTwirl
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