FLCA - Bank Of Canada Rate Decision Shows Inflation Fight Far From Over
2024-01-26 00:55:00 ET
Summary
- Why the Bank of Canada still has an inflation problem.
- What's driving inflation, even as the economy slows.
- The Bank of Canada's balancing act.
The Bank of Canada highlighted stubborn inflation as a key reason it kept interest rates hold, even as the economy showed signs of slowing. Andrew Kelvin, Head of Canadian & Global Rates Strategy with TD Securities, discusses the outlook for rates going forward with MoneyTalk’s Greg Bonnell.
Greg Bonnell: The Bank of Canada is holding its key rate steady at 5% amid concerns that underlying inflation measures are not showing sustained declines. Now, joining us with more is Andrew Kelvin, Head of Canadian and Global Rates Strategy with TD Securities. Not a big surprise that they held where they are. But some of the rationale there, they seem pretty concerned about core inflation. Are they right to be concerned? Are you concerned?...
Bank Of Canada Rate Decision Shows Inflation Fight Far From Over