Выбор редакции

BoC a rare central bank looking at inflation

In a rare central bank acknowledgment of the stickiness of inflation, the Bank of Canada, while keeping their benchmark rate at 1.0% as expected, hinted at a rate hike soon. With y/o/y CPI at 2.0%+ for 17 straight months, the BoC today said “In light of the reduced slack in the economy and firmer underlying [...]