Quote:
Originally Posted by GGG
I think one problem with inflation is that people’s beliefs on inflation drive a lot of inflation. So the BOC regardless of what they plan to do next need to at a minimum present an aggressive posture. If they don’t and people expect rates to drop in the near future then it essentially undoes the affect of the higher rates as people can borrow over longer term at lower future rates.
I’d suspect they are done here. And we get a few holds until Christmas.
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The boc didn’t say anything today to indicate they are done raising rates.