‘A tight spot’: Economists expect Bank of Canada to hold policy rates

Forecasts Tilt Toward Rate Pause From Bank of Canada This Week

Inflation rises to 1.9% in June, cementing expectations that rates will hold steady

The annual pace of inflation accelerated to 1.9 per cent in June as consumers were paying more at car dealerships. The June figures mark the final look the Bank of Canada will get at price data before its next interest rate decision on July 30, with many economists expecting its key overnight rate to remain unchanged at 2.75 per cent.

‘A tight spot’: Economists expect Bank of Canada to hold policy rates

As Canada’s inflation rate edged up slightly in June, economists predict the Bank of Canada will hold off from cutting interest rates this month suggesting Canadians continue to face underlying price pressures in the economy.

Stubborn Core Inflation in June Likely Cements Calls for Bank of Canada Rate Hold

Underlying inflation remained stubbornly hot in June, leading financial markets and many economists to firm up calls for a third straight interest rate hold from the Bank of Canada later this month. Statistics Canada said Tuesday that the annual pace of inflation accelerated to 1.9 percent in June, up from 1.7 percent in May and largely in line with economists’ expectations. Prices didn’t ease much at the gas pumps last month, the agency said, a…

Stubborn core inflation in June likely cements calls for Bank of Canada rate hold

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RBA maintains rates despite good outlook

In a move that surprised some financial commentators, the Reserve Bank of Australia (RBA) kept the official cash rate on hold at 3.85 per cent following its July meeting. This decision came despite promising signs on the inflation front. According to the Australian Bureau of Statistics, annual trimmed mean inflation – the RBA’s preferred measure – eased to 2.4 per cent in May, placing it squarely within the target band of 2-3 per cent for the fi…