Bank of Canada walking a 'tightrope' as analysts forecast inflation jump in February
People banking on an interest rate cut may not like the direction Canadian inflation is heading if analyst expectations prove correct. Bloomberg analysts expect inflation to reaccelerate to 3.1 per cent in February when Statistics Canada releases its latest consumer price index (CPI) data on Tuesday, following a slowdown to 2.9 per cent year over year in January. CPI core-trim and core-median, the measures the Bank of Canada is most focused on,...
People banking on an interest rate cut may not like the direction Canadian inflation is heading if analyst expectations prove correct. Bloomberg analysts expect inflation to reaccelerate to 3.1 per cent in February when Statistics Canada releases its latest consumer price index (CPI) data on Tuesday, following a slowdown to 2.9 per cent year over year in January. CPI core-trim and core-median, the measures the Bank of Canada is most focused on,...
