The Bank of Canada's rate hike: You can’t fight inflation on the QT — via financialpost Economy Inflation
Some might be disappointed the bank didn’t go further on QT by announcing it would actually start selling its holdings of government bonds. Not to worry. Shrinking the balance sheet is the right signal to send the market but it’s the overnight rate that will have to do the heavy lifting to bring inflation back to target.
The bank now acknowledges that headline inflation is likely to average six per cent in the first half of 2022, though it expects it will decline to 2.5 per cent in the second half of 2023, not returning to the two per cent target until 2024. Its rate announcement also acknowledged that inflation expectations are becoming less well anchored: “here is an increasing risk that expectations of elevated inflation could become entrenched.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Flats East Bank hosting Career Fair on April 25“The Flats East Bank has a huge variety of restaurants and bars, and they’re all great placed to work, too.'
Les mer »
Manchin visits Alberta as Canada Ramps Up US Lobbying Amid Energy CrisisManchin has pushed for increasing Canadian oil and gas exports.
Les mer »
Portuguese regulator grants first crypto license to a bankThe central bank of Portugal has given a license to operate a crypto exchange to a bank for the first time. It's one of only five businesses permitted to offer digital asset services in the country.
Les mer »
Stolen tractor used in attempt to steal ATM at Brentwood bank, police sayDespite the ATM mangled mangled and in pieces, no cash was taken.
Les mer »
Developer seeks $3.8M in damages, says bank violated agreement for Pa. propertyThe basis of the federal lawsuit is a right-of-first-offer agreement for a parcel in the State College area.
Les mer »
Harris and husband appear to have wine made in West Bank settlement at Passover SederVice President Kamala Harris and her husband Doug Emhoff's Passover Seder with staff on Friday appears to have included wine made in a West Bank settlement.
Les mer »