Bank of Canada can’t tell if next rate move will be a hike or a cut, say minutes
NeutralFinancial Markets
- The Bank of Canada has expressed uncertainty regarding its next interest rate move, whether it will be a hike or a cut, as indicated in recent minutes. The central bank has maintained the overnight interest rate at 2.25%, reflecting ongoing evaluations of the economic landscape.
- This indecision is significant as it highlights the Bank's cautious approach to monetary policy amid fluctuating economic indicators and the need to balance inflation risks with economic growth.
- The broader economic context reveals persistent challenges, including weak productivity levels and modest growth expectations, prompting the Bank to advocate for coordinated efforts to enhance productivity and stability in the economy.
— via World Pulse Now AI Editorial System
