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BOC Summary of Governing Council Deliberations
Governing Council members began their deliberations by discussing the prospects for global growth. Overall, their forecast had not materially changed since the April Monetary Policy Report. The global economy was expected to continue growing at around 3%, while inflation in major economies was forecast to continue easing gradually toward central bank targets. Members exchanged views on the outlook for US economic growth and inflation. Recent data had indicated that the US economy had begun to slow in the first half of the year, largely due to the long-anticipated moderation in US consumer spending. A cooling labour ... (full story)
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BOC MINUTES: MEMBERS AGREED TO CLEARLY COMMUNICATE THAT THEY WOULD BE WEIGHING THE FORCES THAT COULD PULL INFLATION BELOW THE TARGET AGAINST THOSE THAT COULD HOLD IT ABOVE THE TARGET
— Capital Hungry (@Capital_Hungry) August 7, 2024
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GOVERNING COUNCIL SAW LESS CHANCE THAT PENT-UP DEMAND WOULD LEAD TO A SUDDEN RISE IN HOUSE PRICES AS RATES WERE CUT: MINUTES
— Capital Hungry (@Capital_Hungry) August 7, 2024
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BOC MINUTES: AHEAD OF BANK OF CANADA'S JULY 24TH RATE ANNOUNCEMENT, THE GOVERNING COUNCIL SAW RISK THAT CONSUMER SPENDING COULD BE SIGNIFICANTLY WEAKER THAN EXPECTED IN 2025 AND 2026.
— FinancialJuice (@financialjuice) August 7, 2024
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- Posted: Aug 7, 2024 1:30pm
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