Posthaste: Bank of Canada a lot closer to inflation target — and rate cuts — than it thinks, strategist says
Cooler-than-expected inflation numbers have left one strategist even more skeptical of the Bank of Canada ‘s conservative forecast for when the consumer price index will return to target, suggesting the door to interest rate cuts could open much sooner than the central bank has predicted. The Bank of Canada said in its January Monetary Policy Report that it doesn’t expect the consumer price index to come close to its two per cent target until...
Cooler-than-expected inflation numbers have left one strategist even more skeptical of the Bank of Canada ‘s conservative forecast for when the consumer price index will return to target, suggesting the door to interest rate cuts could open much sooner than the central bank has predicted. The Bank of Canada said in its January Monetary Policy Report that it doesn’t expect the consumer price index to come close to its two per cent target until...
