The Bank of Canada is expected to hold its key interest rate steady this week as inflation continues to slow, despite other data suggesting the economy is still running hot.
The Bank of Canada is expected to hold its key interest rate steady this week as inflation continues to slow, despite other data suggesting the economy is still running hot.
For months, the economic data that the Bank of Canada relies on for its interest rate decisions has been sending mixed signals on the state of the economy. "Some of the strength that we see in GDP seems to be the unwinding of some supply disruptions, which is actually a good thing for inflation," Charbonneau said.
In February, Canada's annual inflation rate fell to 5.2 per cent, marking the second month in a row inflation came in lower than forecast. The slowdown in overall inflation comes as supply chains recover and commodity prices moderate.
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Bank of Canada expected to hold interest rates steady despite resilient economyThe bank has been in a holding pattern since early March, when it kept its benchmark lending rate stable at 4.5 per cent after eight consecutive increases
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Bank of Canada expected to hold interest rate this weekThis likely decision comes as economy keeps some steam
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Bank of Canada expected to hold interest rate this weekThis likely decision comes as economy keeps some steam
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Bank of Canada expected to hold interest rate this weekThis likely decision comes as economy keeps some steam
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Bank of Canada expected to hold interest rate this week, even as economy keeps some steamOTTAWA — The Bank of Canada is expected to hold its key interest rate steady this week as inflation continues to slow, despite other data suggesting the…
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