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What to Expect from the Bank of Canada’s March Meeting

From global.morningstar.com

The Bank of Canada may see little justification to change interest rates, but analysts warn that rising oil price inflation unleashed by the Iran conflict could join the central bank’s list of risks at its meeting on March 18. The Bank has repeatedly maintained that the policy rate of 2.25% is appropriate since setting it there in December. However, analysts now expect the Bank to note that the sustained Middle East tensions could reignite inflation, potentially reversing the recent softening. This could complicate policymakers’ outlook for rates, which is already clouded by trade uncertainty. “We don’t expect an ... (full story)

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  • Category: Fundamental Analysis