monetary policy<\/a> is working to rebalance supply and demand but inflation is still too high.”<\/p>\n“We will continue to face geopolitical shocks; in this environment, we need to be prepared for ongoing volatility.”<\/p>\n
“This is adding uncertainty; monetary policy can influence demand to relieve inflationary pressures, but supply is harder to predict.”<\/p>\n
“Strength of Canadian economy means people are getting wage increases that will help make it easier to digest impact of higher mortgage rates after renewal.”<\/p>\n
“Longer run inflation expectations remain well anchored; shorter run expectations have come down but they are still too high.”<\/p>\n
Market reaction<\/h3>\n
USD\/CAD edged lower following these comments and was last seen losing 0.25% on the day at 1.3655.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Share: Bank of Canada Governor Tiff Macklem said on Friday that they were concerned because they were not really seeing a downward momentum in inflation, per Reuters. Key quotes “Bank of Canada is not expecting a recession in Canada.” “When bank releases economic projections on October 25, we’re not going to be forecasting a serious […]<\/p>\n","protected":false},"author":2,"featured_media":39661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,697,248,386,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-173816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boc","tag-bsc","tag-centralbanks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=173816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173816\/revisions"}],"predecessor-version":[{"id":173817,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173816\/revisions\/173817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/39661"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=173816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=173816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=173816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}