<a href="https://craft.macenews.com/admin/entries/stories/52087-bank-of-canada-expected-to-lift-key-rate-by-25-bps-then-pause-this-year-as-inflation-continues-easing">Bank of Canada Expected to Lift Key Rate by 25 Bps, then Pause This Year as Inflation Continues Easing</a>
By Max Sato (MaceNews) – The Bank of Canada is widely expected by economists to slow the pace of its tightening, raising its short-term interest rate target by 25 basis points to 4.50% on Wednesday after conducting more aggressive hikes in 2022, then take a pause for the rest of the year as inflation eases […]
<strong>Bank of Canada Q4 Survey: Business Sentiment Dips for 4th Straight Quarter on Rising Interest Rates</strong>
–Firms Continue to See Inflation Above BOC’s 2% Target in Short Term –In 5 years, Firms Expect Inflation to be Within BOC’s 1-3% Target Range –Most Consumers Expect Mild to Moderate Recession within 12 Months –More Consumers Than Before Pandemic Anticipate Deflation in 5 Years as Supply Bottlenecks Ease By Max Sato (MaceNews) – Sentiment […]
<strong>Bank of Canada’s Macklem Vows to Bring High Inflation All the Way Back to 2%</strong> <strong>Target</strong>
–Governor Says Under-Tightening Will Pose Greater Risk Than Over-Tightening –Macklem Declines Comment on How Long Restrictive Interest Rates Will Last –Macklem: Rate Hikes Could Work Faster Than Before, Watching New Sets of Data By Max Sato (MaceNews) – The Bank of Canada is determined to bring elevated inflation “all the way back” to its 2% […]
Bank of Canada’s Kozicki: Always Data-Dependent But Policy Environment Different Now
—Deputy Governor: With Rates Higher, Inflation Lower, Policy Question Now is Whether More Rate Increases Needed –Will Be Prepared to Act Forcefully on Upside Surprise but That’s Hypothetical –High Inflation Largely from Global Factors but Strong Domestic Demand Becoming More Important By Max Sato (MaceNews) – The Bank of Canada has been making policy decisions […]
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 […]