Quote:
Originally Posted by Firebot
50 points is lower then consensus. They are feeling pressure from the government?
England and Australia blinked first earlier in the past month, and it looks like Canada is doing the same. I think we are likely to see our CPI inflation target raised in the near future and policies accept that moderate inflation will have to be tolerated (with subsequent consequences)
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Well inflation is easing and they are taking a more dovish position. Eventually, they have to pause or push the economy into recession.