Turbulent month of economic data leaves Bank of Canada right back where it started | Crypto Craft

  • Turbulent month of economic data leaves Bank of Canada right back where it started

    From bnnbloomberg.ca

    The Bank of Canada is set to make its fifth interest rate announcement of the year on Wednesday following a turbulent few weeks on the global stage and in Canadian economic data. Despite the flurry of developments since the central bank’s last rate decision in June, most economists are expecting monetary policymakers to leave the key borrowing rate unchanged at 2.25 per cent. The Bank of Canada has been walking a tightrope lately as forces like U.S. tariffs and the Iran war threaten to both weaken growth and push inflation higher. The annual rate of inflation hit 3.2 per cent in May as the Middle East conflict and ... (full story)

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