Bank of Canada swerves in 'game of chicken' with inflation: What economists say about the half-point hike that surprised markets BankOfCanada cdnecon
The Bank acknowledged that while inflation is off its peak, it still remains too high. In the accompanying
“In the Bank of Canada’s game of chicken with inflation, central bankers were the first to swerve… The fact that core inflation hasn’t slowed, inflation expectations remain elevated and demand is still outrunning supply, the Bank could have easily justified a larger rate hike. That said, the risk of such an aggressive move apparently outweighed the reward.”Article content
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