“The Bank of Canada is going to stop dancing around recession risk in the sense that they'll acknowledge that, you know what, the chances of a recession are high,” said Earl Davis, the head of fixed income and money markets at BMO Global Asset Management, in an interview Wednesday., officials said they expect a “soft landing” for the economy and for growth to continue, albeit at a slower pace, and have so far resisted using the word “recession.” However, that could change at the Sept.
He is sticking with his call for interest rates to rise as high as six per cent in Canada. Currently, the Bank of Canada’s main policy rate is 2.50 per cent, with another half-point hike widely expected Sept. 7. “Where the challenge comes, is that when the central bank hikes interest rates, they usually say that takes 18 months to go through the market. So we haven't felt the brunt of the hikes as of yet. That will be the second half of next year,” he said.
Bloomberg forgot the definition of recession.
AnnieClaireBO Maybe 🤔?
Bitcoin and hydrogen solves this 😂🤣😂 Energycrisis 🥶🥶🥶
Inflation is much bigger threat as it becomes entrenched. 1st priority for bankofcanada is to bring it down. Economy can be boosted by other fiscal measures. Interest rates have got to rose by another 2.5% at the minim by end of the year to have a meaningful impact on inflation.
Remember all the conspiracy theorists “far right extremists” calling this months ago? 🤦♂️
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: financialpost - 🏆 7. / 85 Read more »
Source: calgaryherald - 🏆 64. / 52 Read more »
Source: calgaryherald - 🏆 64. / 52 Read more »