The Bank of Japan (BOJ) is considering setting its fiscal year 2026 inflation view around 2% and may revise up its fiscal 2024 CPI forecasts. The Bank of Canada (BOC) expects CPI to be close to 3% in the first half of 2024, dropping below 2.5% in the second half and reaching the 2% target in 2025. BOC Governor Macklem anticipates that with rising gasoline prices, CPI will remain around 3% in the coming months. BOC is increasingly confident that inflation will gradually decrease despite strengthening economic activity.
π΄ BOC'S GOV. MACKLEM: GASOLINE PRICES TO KEEP CPI INFLATION AROUND 3% NEAR TERM.
π΄ BOC'S GOV. MACKLEM: OVERALL, THE CANDIAN DOLLAR HAS BEEN REASONABLY STABLE, IF IT DOES MOVE WE'LL TAKE THAT INTO ACCOUNT.
π΄ BOC'S GOV. MACKLEM: THE DECLINE WE'VE SEEN IN MOMENTUM IS VERY RECENT.
π΄ BOJ TO FORECAST ABOUT 2% CPI INCREASE FOR FISCAL 2026 - JIJI
π΄ BOC: Q1 OUTPUT GAP IS ESTIMATED TO BE BETWEEN -0.5% TO -1.5%; POTENTIAL OUTPUT GROWTH EXPECTED TO SLOW FROM 2.5% IN 2024 TO ABOUT 1.6% ON AVERAGE OVER 2025 AND 2026.
π΄ BOC: NOMINAL NEUTRAL INTEREST RATE IS ESTIMATED TO BE IN RANGE OF 2.25% TO 3.25%, UP 25 BASIS POINTS FROM JANUARY.
BANK OF CANADA REVISES 2024 GROWTH FORECAST UP TO 1.5% (VS 0.8% IN JAN), 2.2% IN 2025 (VS 2.4%), 1.9% IN 2026 || BOC: HIGHER GASOLINE PRICES EXPECTED TO KEEP CPI INFLATION CLOSE TO 3% IN Q2 OF 2024 BEFORE IT EASES TO BELOW 2.5% IN H2 || BOC: ANNUALIZED Q4 GDP SEEN AT 1.0% (VSβ¦
π΄ BOC: INFLATION IS EXPECTED TO RETURN TO 2% TARGET NEAR THE END OF 2025.
π΄ BOC: INFLATION TO AVERAGE 2.6% IN 2024 (VS 2.8% IN JANUARY), 2.2% IN 2025 (UNCHANGED), 2.1% IN 2026.
BOC HOLDS KEY INTEREST RATE AT 5%, MATCHING ESTIMATE
π΄ BANK OF CANADA REVISES 2024 GROWTH FORECAST UP TO 1.5% (VS 0.8% IN JANUARY), 2.2% IN 2025 (VS 2.4%), 1.9% IN 2026.
π΄ BOC: HIGHER GASOLINE PRICES EXPECTED TO KEEP CPI INFLATION CLOSE TO 3% IN Q2 OF 2024 BEFORE IT EASES TO BELOW 2.5% IN H2.
π΄ BOC: ANNUALIZED Q4 GDP SEEN AT 1.0% (VS 0.0% IN JANUARY), Q1 2024 2.8% (VS 0.5%), Q2 1.5%.
π΄ BANK OF CANADA IS INCREASINGLY CONFIDENT THAT INFLATION WILL CONTINUE TO COME DOWN GRADUALLY EVEN AS ECONOMIC ACTIVITY STRENGTHENS.
π΄ BOC'S GOV. MACKLEM: MONETARY POLICY IS WORKING AND GROWTH IN THE ECONOMY LOOKS TO BE PICKING UP.
π΄ BOC'S GOV. MACKLEM: WE EXPECT CORE INFLATION TO CONTINUE TO EASE GRADUALLY.
π΄ BOC'S GOV. MACKLEM: THE FURTHER DECLINE WE'VE SEEN IN CORE INFLATION IS VERY RECENT; WE NEED TO BE ASSURED IT IS NOT A TEMPORARY DIP.
π΄ BOC: CPI SEEN CLOSE TO 3% DURING H1 2024, MOVING BELOW 2.5% IN H2 2024 AND REACHING 2% TARGET IN 2025.
π΄ BOC'S GOV. MACKLEM: WITH GASOLINE PRICES RISING, CPI IS LIKELY TO REMAIN AROUND 3% IN THE COMING MONTHS.
π―π΅ #BOJ Is Said to Mull Raising Inflation View on Strong Pay Deals - Bloomberg https://t.co/Qng7zxEAZc
π΄ BOJ LIKELY TO SET FY2026 VIEW AROUND 2% - PEOPLE FAMILIAR WITH THE MATTER.
BOJ IS SAID TO MULL RAISING INFLATION VIEW ON STRONG PAY DEALS
BOJ IS SAID TO CONSIDER REVISING UP FISCAL 2024 CPI FORECASTS