Bank of Canada Keeps Policy Rate at 5%, Softens Hawkish Tone Amid Slowing Economy but Warns About High Wage Growth
–Governing Council Still Concerned About Inflationary Risks, Particularly Persistent Underlying Price Pressures –BoC Statement Stops Saying It Remains Prepared to Hike Policy Rate Further if Needed–Governor Macklem: Premature to Discuss Lowering Interest Rates By Max Sato (MaceNews) – The Bank of Canada on Wednesday maintained its policy interest rate — the target for overnight […]
Preview: Bank of Canada Expected to Keep Policy Rate at 5% amid Sticky Inflation
–Governing Council Likely to Remain Concerned About Inflationary Risk–Governor Macklem Has Repeatedly Said It is Too Early to Discuss a Rate Cut By Max Sato (MaceNews) – The Bank of Canada is widely expected to maintain its policy interest rate — the target for overnight lending rates — at 5.0% on Wednesday for the fourth […]
White House and Other Schedules for Monday, Jan 22
WASHINGTON (MaceNews) – The following are Monday’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 SCHEDULE FOR MONDAY, JANUARY 22, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
White House and Other Schedules for Friday, Jan 19
WASHINGTON (MaceNews) – The following are Friday’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 SCHEDULE FOR FRIDAY, JANUARY 19, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
Bank of Canada Q4 Survey: Business Outlook Indicator Posts 1st Rise in 8 Quarters but High Prices, Wage Growth Seen Hindering Quick Return to 2% Inflation Target
–Firms’ Inflation Expectations Slowly Trending Down but Above 3% Over Next 2 Years–Consumers’ Near-Term Inflation Outlook Little Changed Around 4% –Businesses, Households Concerned about Economic Outlook Amid High Borrowing Costs By Max Sato Sentiment among companies in Canada picked up slightly in October-December for the first rise in eight quarters amid slowly easing labor shortages […]
White House and Other Schedules for Monday, Jan 15
WASHINGTON (MaceNews) – The following are Monday’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 SCHEDULE FOR MONDAY, JANUARY 15, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
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 […]
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 […]