Today news
About the same in other media
Canada’s Inflation Surge Continues, Boosting Expectations for Big Rate Rise
Reading now: 192
OTTAWA—Annual inflation in Canada accelerated in May toward 8%, reaching a nearly four-decade high and all but locking in market expectations that the country’s central bank will raise its policy interest rate by three quarters of a percentage point in July.
Economists expect inflation in Canada to surpass 8% when June data are released, and possibly stay above 7% for the bulk of 2022. The need for aggressive Bank of Canada rate increases to tame inflation has prompted analysts to predict a sharp slowdown in economic growth starting in the second half of this year, and to warn of heightened risks of a recession.
Read more on wsj.comAbout this in other media
James Bullard Says Fed Must Ratify Market Rate-Rise View wsj.com /2 years ago
Higher interest rates may not slow inflation, and central banks are partly to blame theguardian.com /2 years ago
Germany records first monthly trade deficit since 1991 as inflation soars theguardian.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
