News
🚨 🇨🇦 Bank of Canada hikes to 2.50% and keeps the door open, 🇪🇺 European gas hits €100
🚨 🇨🇦 Bank of Canada hikes to 2.50% and keeps the door open, 🇪🇺 European gas hits €100
- 🇨🇦 The Bank of Canada raised its policy rate by 25bp to 2.50% from 2.25%, as expected ()
- 🇨🇦 It said rates may need to rise again but that, given the uncertainty, it will move carefully, and that energy prices staying higher for longer plus more pass-through make inflation stickier, per newswires
FO view: The Bank of Canada joins the RBNZ's hawkish hold and the OBR's higher UK inflation path in treating the energy shock as an inflation problem, and €100 gas brings the same pressure to Europe.
Not investment advice.