One former Canadian central banker said interest rates may need to go even higher after the Bank of Canada on Wednesday moved rates to its highest level in 15 years while signalling a potential pause ahead.
“I think there's a good chance that more will need to be done by way of interest rate increases,” said John Murray, senior fellow at the C.D. Howe Institute and a former deputy governor at the Bank of Canada, in an interview with BNN Bloomberg Wednesday. Wednesday by 25 basis points, bringing the overnight policy rate to 4.5 per cent. The rate hike marks the eighth consecutive increase from the Canadian central bank. from the Bank of Canada that it will hold its policy rate at 4.
However, Murray said these stop-and-start rate hikes could deliver “more pain than might otherwise be necessary” when compared to a more steady course. “I just worry about a process that may in the end be a little too ‘stop-go,’” he said.The 25-basis-point rate hike by the Bank of Canada was the correct move and that a failure to make that move would be concerning, according to Murray.
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.
Canadian dollar steadies as traders shirk risk ahead of Bank of Canada rate decisionCanadian dollar pulls back from 10-day high ahead of central bank’s rate decision
اقرأ أكثر »
Terry Glavin: Ottawa can't dodge the issue of Canadian ISIL detainees any longerAs Justin Trudeau once said, \u0027a Canadian is a Canadian is a Canadian\u0027
اقرأ أكثر »
Economists expect one final rate hike by Bank of Canada before holding - BNN BloombergEconomists predict the Bank of Canada will raise interest rates for an eighth consecutive time with a final “insurance” hike on Wednesday before easing off its aggressive tightening policy cycle.
اقرأ أكثر »
Introduction to investing in Canadian ETFs – Canadian InvestorIntroduction to investing in Canadian ETFs CanadiansInvest
اقرأ أكثر »
Why the Bank of Canada should hike interest rates this weekJob and inflation numbers indicate a soft landing is within reach but policymakers should resist the temptation to relax restraint. Read on.
اقرأ أكثر »
Bank of Canada expected to hike interest rates for the eighth straight timeEconomists and markets predicting a 25 basis-point hike in the key overnight lending rate in the bank’s bid to wrestle back inflation
اقرأ أكثر »