Bank of Canada Keeps Policy Rate at 22-Year High of 5% as Past Rate Hikes Slowing Spending, Relieving Price Pressures
–Governing Council Still Concerned About Inflationary Risks, Remains Prepared to Raise Policy Rate Further if Needed By Max Sato (MaceNews) – The Bank of Canada on Wednesday maintained its policy interest rate — the target for overnight lending rates — at a 22-year high of 5.0% for the third straight meeting, as expected, after the […]
Preview: Bank of Canada Expected to Keep Policy Rate at 22-Year High of 5% in Light of Softer Economic Data While Warning Underlying Inflation Still Too High
By Max Sato (MaceNews) – The Bank of Canada is widely expected to hold its policy interest rate steady for a third straight meeting on Wednesday in the face of sluggish GDP data and an uptick in unemployment. But BOC policymakers are also expected to warn against being complacent about the risk of prolonged inflation […]
Bank of Canada Governor Macklem: Rates May Be High Enough to Bring Inflation Back to 2% But No Clear Evidence Yet
–Macklem: We Are Taking One Meeting at a Time –Macklem: Need to Confirm Underlying Inflation Falling Before Discussing Lowering Rates –Macklem: Concerned about Short-Term Inflation Expectations Falling Slowly By Max Sato (MaceNews) – Bank of Canada Governor Tiff Macklem said Wednesday that the bank’s policy interest rate at 5% may be restrictive enough to bring […]
Bank of Canada Keeps Policy Rate at 22-Year High of 5%, Expects Higher Inflation and Lower Growth in 2023, 2024
–Governing Council Concerned Inflationary Risks Have Increased, Prepared to Raise Policy Rate Further if needed –Governor Macklem: ‘We Are Keeping the Door Open for a Further Interest Rate Increase Because There Is Uncertainty’–Macklem: Path to Soft Landing Has Gotten Narrower By Max Sato (MaceNews) – The Bank of Canada on Wednesday maintained its policy interest […]
White House and Other Schedules for Wednesday, Oct 25
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULEFOR WEDNESDAY, OCTOBER 25, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Bank of Canada Seen Keeping Policy Rate at 5% This Week Amid Dim Business Outlook, Easing Inflation
By Max Sato (MaceNews) – The Bank of Canada is widely expected to hold interest rates steady in Wednesday’s policy announcement in light of weak business survey results and slightly easing price pressures, but given some resilience in the labor market and the uncertain inflation outlook, the bank may not be done with tightening that […]
Bank of Canada Q3 Survey: Business Outlook Indicator Dips for 7th Straight Quarter to Over 3-Year Low on Widespread Demand Slowdown
–Firms’ Inflation Expectations Edge Down but Remain High–Consumers’ 2-Year Inflation Outlook Rises Slightly to 4%, Still See 5% Price Rise in Year Ahead –Businesses, Households Believe Effects of High Interest Rates Far from Over By Max Sato (MaceNews) – Sentiment among companies in Canada declined for the seventh straight quarter in July-September as the “widespread” […]
Bank of Canada Governor Macklem: Ready to Tighten Further If Needed as Inflation above 3% Still Too High for 2% Target
–Macklem: Too Early to Discuss Lowering Interest Rates–Macklem: Could Start Easing if Conditions Met but ‘We Are Not There Yet’–Macklem: Policy Decisions are Getting Difficult, Aware Canadians Feeling Pain of Higher Rates By Max Sato (MaceNews) – Bank of Canada Governor Tiff Macklem said Thursday that the bank’s policymakers are prepared to raise interest rates […]
White House and Other Schedules for Thursday, Sept 7
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, SEPTEMBER 7, 2023 – MONDAY, SEPTEMBER 11, 2023 In the morning, the President will receive the President’s Daily […]
Bank of Canada Keeps Policy Rate at 22-Year High of 5% After Surprise Contraction in Q2 GDP but Keeps Door Open for Further Tightening
–Governing Council Remains Concerned About Sticky Underlying Inflationary Pressures, Prepared to Hike Policy Rate further if needed By Max Sato (MaceNews) – The Bank of Canada on Wednesday maintained its policy interest rate – the target for overnight lending rates – at a 22-year high of 5.0% on Wednesday after two consecutive rate hikes in […]