in the last three months of the year, following five quarters of growth.
“What that's telling us is that hopefully monetary policy will continue to have success in taming down the economic activity so that we can get the inflation numbers down,” Antunes said., Antunes said he expects markets will respond favourable to the GDP figures. The numbers come nearly a year after the Bank of Canada began its tightening cycle to battle decades-high inflation, raising its central interest rate eight consecutive times to a central rate of 4.50 basis points. Last month, the Bank of Canada signalled it was prepared to pause as its monetary policy takes deeper effect in the economy.
War is peace.
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