Is April rate cut back on the table? What economists say about February's inflation surprise
Canada’s inflation numbers for February flummoxed analysts again, slowing to 2.8 per cent year over year instead of rebounding to 3.1 per cent as most analysts predicted. In January, the headline number for the consumer price index (CPI) came in at 2.9 per cent, also lower than analysts expected. Here’s what economists think February’s surprise fall could mean for the Bank of Canada and interest rate cuts. Cuts ‘sooner than later’: Central 1...
Canada’s inflation numbers for February flummoxed analysts again, slowing to 2.8 per cent year over year instead of rebounding to 3.1 per cent as most analysts predicted. In January, the headline number for the consumer price index (CPI) came in at 2.9 per cent, also lower than analysts expected. Here’s what economists think February’s surprise fall could mean for the Bank of Canada and interest rate cuts. Cuts ‘sooner than later’: Central 1...
