Goldman says Canada to skip now, add final rate hike in Octoberwww.bnnbloomberg.caexternal-link sik0fewl ( @sik0fewl@kbin.social ) Canada@lemmy.ca • 1 year ago message-square9fedilinkarrow-up135
arrow-up135external-linkGoldman says Canada to skip now, add final rate hike in Octoberwww.bnnbloomberg.ca sik0fewl ( @sik0fewl@kbin.social ) Canada@lemmy.ca • 1 year ago message-square9fedilink
The Bank of Canada will make its final rate increase in October after a pause next week, says Goldman Sachs Group Inc.
minus-square twistedtxb ( @twistedtxb@lemmy.ca ) linkfedilink9•1 year agoWhy the fuck another hike? The country’s economy had a net regression for the first time in years. Houses, food and rents prices are unhinged. Another hike won’t do anything to help this.
minus-square frostbiker ( @frostbiker@lemmy.ca ) linkfedilink13•1 year ago Houses, food and rents prices are unhinged. Higher interest rates lower inflation. That is why the BOC has been rising them The country’s economy had a net regression for the first time in years The main goal of central banks is keeping inflation around 2% per year, even if that causes a recession.
minus-square Rocket ( @Rocket@lemmy.ca ) linkfedilink5•1 year ago Higher interest rates lower inflation. That is why the BOC has been rising them Unless it is specifically interest payments that are causing inflation to rise…
minus-square blindsight ( @blindsight@beehaw.org ) linkfedilink1•1 year agoUp to 3% inflation is in the acceptable band. They don’t try to balance at exactly 2%, especially in unstable inflation environments. But otherwise, yes. I liked your comments in the other thread you linked below, too. Very clearly explained.
Why the fuck another hike? The country’s economy had a net regression for the first time in years. Houses, food and rents prices are unhinged. Another hike won’t do anything to help this.
Higher interest rates lower inflation. That is why the BOC has been rising them
The main goal of central banks is keeping inflation around 2% per year, even if that causes a recession.
Unless it is specifically interest payments that are causing inflation to rise…
I addressed that here.
Up to 3% inflation is in the acceptable band. They don’t try to balance at exactly 2%, especially in unstable inflation environments.
But otherwise, yes. I liked your comments in the other thread you linked below, too. Very clearly explained.