Bank of Canada\u0027s latest surveys of business and consumer expectations show growing doubt about its ability to put a lid on inflation
. The results were concerning. Elevated numbers of companies continue to struggle with supply bottlenecks and labour shortages, suggesting the “presence of excess demand in the economy,” which is inherently inflationary.
Almost 80 per cent of respondents said they thought inflation would be above three per cent in a year, the most ever, according to Bank of Montreal economist Shelly Kaushik. Nearly half of companies said they expect wage increases will remain above pre-pandemic levels for the next 12 months, in part because workers are insisting on being compensated for a higher cost of living.
The survey has a relatively small sample size: the Bank of Canada’s regional offices conduct 100 interviews per quarter from a rotating roster of businesses. However, policymakers trust the results, and the report ranks as one of the most important inputs into interest-rate decisions.Article contentShort-term expectations of inflation climbed to the highest since the central bank began polling consumers in 2014.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
In Photos: Canada Day, Cancel Canada Day events in SaskatoonPeople gathered at River Landing for the first Canada Day celebrations since 2019, while Cancel Canada Day events took place in Kiwanis Park
Les mer »
Türkiye's Ziraat Katilim Bank to open first branch in SomaliaThe announcement from Somalia's Central Bank came as the country's President Hassan Sheikh Mohamud is set to meet his Turkish counterpart Recep Tayyip Erdogan in Ankara.
Les mer »
Barriers to abortion in Canada make it an unlikely haven for Americans\u0022One of the challenges that we have is that ... it\u0027s really hard trying to keep up with the demand that already exists.\u0022
Les mer »
Canada: S&P Manufacturing PMI drops to 54.6 in June vs. 56.6 expectedThe business activity in Canada's manufacturing sector expanded at a softer pace in June than in May with the S&P Global Manufacturing PMI dropping to
Les mer »
Bank of America Customers’ Crypto Activity Slowed as Market SlidAlmost 70% of the U.S. population hasn't invested in crypto or isn't interested in investing in cryptocurrencies, according to BankofAmerica internal data.
Les mer »
Asia-Pacific Markets Mixed in Early Trade; Central Bank Decisions Ahead This WeekAsia-Pacific Markets Set to Open Higher; Central Bank Decisions Ahead This Week
Les mer »