2023-10-21 15:51:06
The Bank of Canada will make an announcement on Wednesday regarding the key rate. What should we expect?
• Read also: The CPI falling in Canada: good news or bad news?
The Consumer Price Index (CPI) rose 3.8% year-on-year in September, down from the 4% rise recorded in August.
This data will help the Bank of Canada make its decision eagerly awaited by mortgage holders.
“It’s his obsession [IPC] it’s certain that she practically takes that into account. The Bank has a secondary role of stability of the Canadian economy, but its main role is to ensure that the Consumer Price Index falls below the 3% mark, and eventually reaches 2%. », Underlines economist Francis Gosselin in an interview on LCN.
AFP
The expert adds that the public institution will keep an eye on the figures provided by the Fed in the United States.
The president even implied, earlier this week, that an increase in the key rate is not expected.
According to Mr. Gosselin, with the known indicators, the Bank of Canada might maintain the key rate.
“I was very wrong in the last year, but I will still predict that the rate will remain stable in the decision of October 25,” he mentions.
*Watch the full interview in the video above*
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