Bank of Canada Lifts Key Rate by 50 Bps to 4.25%, Signals End of Aggressive Tightening
–BOC: Governing Council to Mull If Rates Need to Rise Further Vs. Oct. View Rates Need to Rise Further –BOC Repeats: Canadian Economy in Excess Demand, Labor Markets Tight –BOC: Inflation Too High; 3-Month Core Measures Indicate Easing Price Pressures By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its policy interest […]
<strong>Bank of Canada’s Macklem: Getting Closer to End of Tightening but Not There Yet</strong>
–Inflation Has Eased but Yet to See ‘Generalized Decline’ in Price Pressures (MaceNews) – Bank of Canada Governor Tiff Macklem on Wednesday said the central bank is getting closer to the end of its credit tightening cycle that began in March, but stressed that interest rates will need to rise further to slow demand and […]
Bank of Canada’s Rogers: Non-Bank Leverage, Ability to Supply Liquidity Pose Risks to Financial System
–Canadian Financial System ‘Resilient’ So Far but BOC Monitoring Risks –High House Prices, Household Debt Are Vulnerabilities for Financial System –Rising Mortgage Costs Tough on Some Canadians but Higher Rates to Bring Down Inflation By Max Sato (MaceNews) – Non-bank financial institutions manage a large share of assets for Canadians but are excluded from the […]
<strong>Bank of Canada Expected to Raise Key Rate by Another 50 Bps to Guide Inflation Lower</strong>
–Canada’s Consumer Inflation Has Eased but Remains High Just Under 7% –BOC Seeking Balance Between Cooling Demand and Avoiding Sharp Downturn By Max Sato (MaceNews) – The Bank of Canada is set to conduct what could be one of its last rate hikes in the current tightening cycle in three weeks, possibly raising its short-term […]
Bank of Canada’s Macklem: Getting Closer to End of Tightening Phase but Not There Yet
–Governor Repeats: Concerned About Upside Risks to Inflation Outlook–Macklem: Short-Term Pain of Rate Hikes for Long-Term Gain in Price Stability By Max Sato (MaceNews) – Bank of Canada Governor Tiff Macklem on Tuesday indicated that the bank’s aggressive tightening mode is coming closer to an end but also stressed its job to restore price stability […]
Bank of Canada Hikes Key Rate by 50 Bps to 3.75%, Balancing Between Too High Inflation and Slower Demand 
–BOC Governing Council Still Believes Interest Rates Need to Rise Further –BOC: Canadian Economy in Excess Demand, Labor Markets Tight –Governor Macklem: Getting Closer to End of Tightening but Not Over Yet–Macklem: Future Tightening Could Mean Large or Normal Rate Hike By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its policy […]
Bank of Canada’s Beaudry: To Take Whatever Actions Needed to Bring Inflation Down to 2% Target
–BOC Deputy Governor Beaudry: Canada’s Aug CPI Eased to 7% Y/Y Rise But Still Too High By Max Sato (MaceNews) – The Bank of Canada’s policymakers will take whatever actions necessary to bring still too high inflation back to its 2% target and maintain people’s confidence in the bank’s price stability mandate, Deputy Governor Paul […]
Bank of Canada’s Rogers: Long Way to Go Before High Inflation Returns to Target
–Senior Deputy Governor: To Keep High Inflation from Becoming Entrenched–Rogers: Some Early Signs of Rate Hikes Working, As in Housing Market Pullback–Rogers: Canadian Economy Strong, Can Cool and Stay in Positive Territory –Rogers: Higher Rates Are Adding Burden to Canadians but Need to Bring Inflation Down By Max Sato (MaceNews) – The Bank of Canada’s […]
Bank of Canada Hikes Key Rate by 75 Bps to 3.25% in Front-Loading Tightening Drive 
–BOC: Key Rate Still Needs to Rise Further, to See How Much Higher It Should Go–BOC Repeats: Canadian Economy in Excess Demand, Inflation High and Broad–BOC: Economy to Moderate in 2nd Half of 2022 on Slower Global Demand, Tightening By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its policy interest rate […]
Bank of Canada Expected to Lift Key Rate by 75 Bps in Front-Loading Move to Fight Inflation
By Max Sato (MaceNews) – The Bank of Canada is widely expected to raise its policy interest rate — the target for overnight lending rates — by 75 basis points to 3.25% on Wednesday as part of its front-loading credit tightening drive to bring down decades-high inflation above 7% to its 2% target. The move […]