(Reuters) - Bank of Canada Governor David Dodge told reporters on
Thursday that the bank could drive unexpectedly high inflation
down faster if it wanted, but that it feared that could
backfire by driving inflation too low in the long run.
The central bank changed its key overnight rate on Tuesday
for the first time in over a year, raising it by 25 basis
points to 4.50 percent. It also signaled to markets that any
further increases would be "modest", leaving many to expect
just one more hike this year.
Read more at Reuters.com Bonds News
Thursday that the bank could drive unexpectedly high inflation
down faster if it wanted, but that it feared that could
backfire by driving inflation too low in the long run.
The central bank changed its key overnight rate on Tuesday
for the first time in over a year, raising it by 25 basis
points to 4.50 percent. It also signaled to markets that any
further increases would be "modest", leaving many to expect
just one more hike this year.
Read more at Reuters.com Bonds News
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