The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global economic growth continues to slow, with inflation easing gradually across most economies. While growth in the United States has […]
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Markets Both markets and central banks (including the ECB) are trying to assess how (fast) higher oil prices and other supply chain disruptions will filter through to the economy. This will be a non-linear, bumpy Read more…
Will he stay or will he go? The anticipated drama coming out of the Federal Open Market Committee meeting April 29 is whether Fed Chair Jerome Powell is going to fish or cut bait. Powell’s Read more…
Bank of Canada left its policy rate unchanged at 2.25%, maintaining a cautious stance as it navigates the inflation impact of the Middle East conflict. While headline inflation is rising, policymakers signaled they are prepared Read more…