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Bank of Canada maintains policy rate, removes exceptional forward guidance
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With overall economic slack now absorbed, the Bank has removed its exceptional forward guidance on its policy interest rate. The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds roughly constant. The global recovery from the COVID-19 pandemic is strong but uneven. The US economy is growing robustly while growth in some other regions appears more moderate, especially in China due to current weakness in its ... (full story)
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BOC SAYS EXPECTS INTEREST RATES WILL NEED TO INCREASE, WITH THE TIMING AND PACE OF THOSE INCREASES GUIDED BY THE BANK’S COMMITMENT TO ACHIEVING THE 2% INFLATION TARGET #News #Forex #BOC #INFLATION
— Capital Hungry (@Capital_Hungry) January 26, 2022
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BOC: HIGHER INFLATION EXPECTATIONS MAY RESULT IN MORE WIDESPREAD LABOUR COSTS AND INFLATIONARY PRESSURES, WHICH MIGHT BECOME INGRAINED IN ONGOING INFLATION.
— Breaking Market News (@financialjuice) January 26, 2022
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BOC: WITH COVID-19 AND RELATED SUPPLY DISRUPTIONS EXPECTED TO FADE, CONSUMER SPENDING IS EXPECTED TO RECOVER, WHILE EXPORTS AND BUSINESS INVESTMENT ARE EXPECTED TO GROW STEADILY.
— Breaking Market News (@financialjuice) January 26, 2022
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BOC: THE ECONOMY'S OVERALL SLACK HAS BEEN ABSORBED, FULFILLING THE REQUIREMENT SET FORTH IN THE BANK'S FORWARD GUIDANCE ON ITS POLICY INTEREST RATE.
— Breaking Market News (@financialjuice) January 26, 2022
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