Bank of Canada Holds Interest Rate at 1.50% as Expected

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  • #19179
    Helmholtz Watson
    Participant

    The Bank of Canada held its key lending…

    [article]1238[/article]

    #19180
    MoneyNeverSleeps
    Participant

    They just now notice the low oil price?

    #19314
    Helmholtz Watson
    Participant

    The low oil prices and soft inflation has The Bank of Canada wondering after they took a hawkish stance in October after a series of hikes

    Canada November CPI +1.7% vs +1.8% y/y expected down from prior 2.4% y/y

    CPI -0.4% m/m vs -0.4% m/m expected, Prior +0.3%

    Goods -0.7% m/m
    Services -0.1% m/m
    Energy -4.8% m/m
    Ex food and energy -0.3% m/m

    Core

    Core common 1.9% vs 1.9% prior
    Core median 1.9% vs 2.0% prior
    Core trim 1.9% vs 2.1% prior

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