As the Bank of Canada continues to raise interest rates to slow inflation, the new surveys also reveal most consumers and businesses expect Canada to enter a recession
New surveys from the Bank of Canada show consumers have become more pessimistic about inflation in the short run, while business expectations for inflation have eased.
With inflation well above the bank’s two per cent target, the central bank is monitoring how inflation expectations develop, over fears that elevated expectations could feed into even higher prices and wages.The consumer survey showed inflation expectations for one to two years ahead have gone up since the last survey, as consumers anticipate supply chain disruptions to persist and oil prices to remain high.
The business outlook survey showed business expectations for inflation over the short-term have eased, but remain above the Bank of Canada’s target.In the long run, businesses expect inflation to return closer to the bank’s two per cent target.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Sutcliffe, McKenney nab high-profile endorsements in the race for mayorEndorsements came from federal and provincial politicians, and the former governor of the Bank of Canada.
اقرأ أكثر »
High-profile endorsements nabbed by McKenney, Sutcliffe in the race for mayorEndorsements came from federal and provincial politicians, and the former governor of the Bank of Canada.
اقرأ أكثر »
Opinion: Bank of Canada ‘reassessing’ one of its core inflation measuresThe CPI common, a gauge for reading underlying economic pressures, is proving too broken to be useful
اقرأ أكثر »
High-profile endorsements nabbed by McKenney, Sutcliffe in race for mayorEndorsements came from federal and provincial politicians, and the former governor of the Bank of Canada.
اقرأ أكثر »
Posthaste: Why Canada's economy may be in more trouble than the IMF thinksRecession in Canada will be worse than in U.S., economists say
اقرأ أكثر »