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#FedRateWatch #BitcoinETFsShed$450M #CircleOpensArcMainnet Bank of Canada flags elevated inflation risks at September meeting
The Bank of Canada’s governing council concluded that inflation will likely remain high in the near term, ahead of the interest-rate decision on September 2, according to the meeting minutes released on Wednesday.
The central bank kept the benchmark interest rate at 2.25%, but Governor Tiff Macklem said monetary policymakers are prepared to raise borrowing costs several times if inflation stays excessively high.
The minutes showed that members cited continued increases in gasoline prices, pointing out that the dispute in Iran has led to higher market expectations for oil prices. The council said there was a greater risk that inflation would spread to goods and services beyond energy across Canada.
$XAU
#FedRateWatch #BitcoinETFsShed$450M #CircleOpensArcMainnet Bank of Canada flags elevated inflation risks at September meeting
The Bank of Canada’s governing council concluded that inflation will likely remain high in the near term, ahead of the interest-rate decision on September 2, according to the meeting minutes released on Wednesday.
The central bank kept the benchmark interest rate at 2.25%, but Governor Tiff Macklem said monetary policymakers are prepared to raise borrowing costs several times if inflation stays excessively high.
The minutes showed that members cited continued increases in gasoline prices, pointing out that the dispute in Iran has led to higher market expectations for oil prices. The council said there was a greater risk that inflation would spread to goods and services beyond energy across Canada.
