It’s broadly speculated that the Bank of Canada is about to extend its curiosity rate starting later this month, and sure will achieve this extra than just a few occasions over the course of 2022.
While you may argue the validity of utilizing rates of interest to mood inflation, there’s little question that Canada — and the world — is experiencing an unbelievable rate of inflation.
The newest determine pegs Canada’s inflation rate at 4.7 per cent, properly behind that of the U.S. at 7 per cent. Several analysts are calling Canada’s quantity into query, and there’s rising speak that the sub-5 per cent quantity is way too low.
Global Inflation Rates… pic.twitter.com/aJrSpskERf
— Charlie Bilello (@charliebilello) January 12, 2022
What do you suppose?