Bank of Canada: Interest Rates May Rise Despite Weak Economy
Edmonton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bank of Canadas Deputy Governor Sharon Kozicki warns of potential interest rate hikes during a weak economy due to supply shocks like protectionist trade moves, geopolitical risks, and aging population. She emphasizes that these shocks can lead to high inflation, forcing the bank to tighten policy for long-term price stability. The next policy update is on March eighteenth, with rates expected to remain at 2.25% to keep inflation near the 2% target.
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