Quote:
Originally Posted by Firebot
A reminder that a year ago our inflation rate rose to 4.4%, and the BoC was still calling it transitory and held rates steady at 0.25%
https://www.bankofcanada.ca/wp-conte...2021-10-27.pdf
Now, 6.9% is inflation going down.
Also note that the bank's most recent release has us back to 3% by end of 2023 with current rate hikes.
Let's check back in October 2023 and see where we are. |
I'd wonder whether part of BOC's plan last year had to do with what other countries were doing as well. Exchange rates would rise negatively in our favor if the borrowing Canadian rates rose while foreign rates didn't move, right?