canada interest rate hike
Other major central banks including the Fed and the Bank. The labour market in Canada continues to surprise to the upside and output is expected to rebound quickly from the Omicron setback.
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Just one month ago economists predicted the BoC would wait until the second quarter to hike rates.
. But persistently higher inflation which accelerated to a 30-year peak in January prompted them to bring forward expectations. Canadas inflation rate hit 48 in December the highest level since September 1991 and the ninth month in a row it was above the Bank of. The Bank will have good rationale to do so.
Canadas inflation rate hit 48 in December the highest level since September 1991 and the ninth month in a row it was above the Bank of. Bank of Canada March interest rate hike a done deal economists say Back to video. The efforts by the Fed to signal an early start to interest rate hikes mean that the Bank of Canada needs to be even more aggressive if it wants to lead the Fed in this cycle.
Based on rhetoric from the Bank of Canada in December it was clear that labour market dynamics and outperforming economic data had created heightened concerns at the Bank that the output gap was closing more rapidly than expected JP. Philadelphia Federal Reserve President Patrick Harker said Wednesday he wants a small interest rate hike in March and then methodical moves that dont upset the economys strong performance. That would mark the BoCs first interest rate move since March 2020 and its first rate hike since October 2018.
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