RE:BOC Rate Hikesliljohnnyjoke wrote: Seems like in the past in a rate hike environment Canada has always raced ahead to raise rates faster and higher hikes of 0.50 ahead of the US who then holds back and when raising does it lower and slower hikes of 0.25. Leading to a Canadian recession and a US boom economy over the next couple of years.
Well surprise, surprise they kept rates where they are. BoC thinks that when the pandemic cools down so will inflation. However they did state that they are on an upward path. Guess this is the polite warning.
Expect the same from the FED this afternoon.
Guess they think they can control it. Going to be interesting in the next few months.
