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The Bank of Canada's governing council is divided on the need to raise interest rates, with some officials arguing for higher borrowing costs to curb inflation while others advocate for patience. The central bank's no. 2 official has also warned of the possibility of prolonged elevated interest rates. Additionally, the ECB President Lagarde stated that maintaining the deposit rate at 4% should be sufficient to control inflation, but officials are open to raising borrowing costs if necessary.
ECB President Lagarde says that keeping the deposit rate at 4% should be enough to tame inflation, but officials will consider raising borrowing costs again if they need to https://t.co/YnaokMOV27
ECB President Lagarde says that keeping the deposit rate at 4% should be enough to tame inflation, but officials will consider raising borrowing costs again if they need to https://t.co/i2Puabg1TW
Central bank warns Canadians to plan for a period where rates may be higher https://t.co/izoNh0lB8N https://t.co/Wla909a5sx
the Bank of Canada’s no. 2 official urged preparation for interest rates staying elevated for longer https://t.co/j0cOfheqef
Some Bank of Canada officials argued at their last meeting that borrowing costs would need to rise to bring inflation to heel, but they agreed to be "patient." https://t.co/s7GtXLKSLk
Some Bank of Canada officials argued at their last meeting that borrowing costs would need to rise to bring inflation to heel, but they agreed to be "patient." https://t.co/vKq3WQ2H2W
Bank of Canada governing council split on whether interest rates may need to move higher https://t.co/punGn2r7zx https://t.co/rsudshdYAJ
Some Bank of Canada governors saw likely need for higher rates - minutes https://t.co/HozmPQrfv0 https://t.co/rFBtJlRXCY