Normal
Canada has become the next domino to fall.In a statement from Bank of canadaThe Canadian CB has acknowledged that inflation is rising , and the forces are stronger and more persistent, GDP growth is strong (and forecast to get stronger). hence their plan to end QE earlier. It still thinks that inflation will ease back around 2% in late 2022, though I will be betting that it will have act on inflation earlier than that. They have already brought forward the planned QE easing, so I expect the interest rates will also have to be adjusted earlier than they forecast.Mick
Canada has become the next domino to fall.
In a statement from Bank of canada
The Canadian CB has acknowledged that inflation is rising , and the forces are stronger and more persistent, GDP growth is strong (and forecast to get stronger). hence their plan to end QE earlier. It still thinks that inflation will ease back around 2% in late 2022, though I will be betting that it will have act on inflation earlier than that. They have already brought forward the planned QE easing, so I expect the interest rates will also have to be adjusted earlier than they forecast.
Mick
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