Inflation Cools Ahead Of Bank Of Canada Rate Decision Sudbury Star Canada’s annual inflation rate slowed to 2.7 per cent in june from 2.9 per cent a month earlier, a softening that removes at least one obstacle to another potential bank of canada interest rate cut next week. the month over month easing in inflation was largely the result of gas prices, which were. The bank of canada will be closely scrutinizing june inflation figures as the central bank prepares for its next interest rate decision on july 24.
Inflation Cools Ahead Of Bank Of Canada Rate Decision Macklem also cited resilience in the canadian economy and “evidence of underlying inflation pressures” as factors in the decision to hold, but outlined the conditions the bank would need to see to make further interest rate cuts. Canada's slower than expected rise in consumer prices in june has firmed up expectations that yet another rate cut by the bank of canada is coming next week, extending some more relief to home. Canada’s consumer price index rose in june after staying flat the month before, further dampening the odds of an interest rate cut by the bank of canada at its upcoming meeting. june inflation accelerated to 1.9% from 1.7% in may, though it was lower than the factset consensus estimate of 2.6%. the upward inflationary pressure will likely provide the central bank with further justification. Canada inflation cools more than expected to 2.7% ahead of rate decision tuesday's data showed that headline inflation was cooler than the bank of canada's 2.9 per cent inflation forecast for the end of the first half of 2024.
Canada S Inflation Rate Cools Significantly Canada’s consumer price index rose in june after staying flat the month before, further dampening the odds of an interest rate cut by the bank of canada at its upcoming meeting. june inflation accelerated to 1.9% from 1.7% in may, though it was lower than the factset consensus estimate of 2.6%. the upward inflationary pressure will likely provide the central bank with further justification. Canada inflation cools more than expected to 2.7% ahead of rate decision tuesday's data showed that headline inflation was cooler than the bank of canada's 2.9 per cent inflation forecast for the end of the first half of 2024. Ottawa canadian inflation again cooled rapidly last month, dropping below the central bank's target for the first time since early 2021 to leave the door open to larger interest rate cuts before. The central bank, in forecasts released in april, said inflation is expected to gradually slow down to under 2.5% in the second half of 2024 before reaching the bank's 2% target in 2025. the boc will publish updated forecasts on july 24, along with its rate decision.
Canada S Inflation Rate Cools To 2 7 In April Likely Giving Boc All Ottawa canadian inflation again cooled rapidly last month, dropping below the central bank's target for the first time since early 2021 to leave the door open to larger interest rate cuts before. The central bank, in forecasts released in april, said inflation is expected to gradually slow down to under 2.5% in the second half of 2024 before reaching the bank's 2% target in 2025. the boc will publish updated forecasts on july 24, along with its rate decision.
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