According to comprehensive news from WorldWay Investment: The Bank of Canada will announce a new round of interest rate decisions on July 16 evening, and the market expects the Bank of Canada to maintain interest rates, with relatively mild language regarding risks.
In the last central bank decision, Bank of Canada Governor Tiff Macklem stated that while rising housing prices pose challenges to financial stability, the overall financial system is currently robust. If inflation expectations decline, the central bank may take further stimulus measures. Future monetary policy will depend on the performance of economic data.
Subsequently, Canada’s inflation rate has risen moderately, reducing the Bank of Canada’s concerns about declining inflation. However, last week’s report showed that the number of jobs in June unexpectedly decreased by 74,000, the unemployment rate slightly increased to 7.1%, wage growth is slow, and Canadian manufacturing activity is sluggish. The Bank of Canada may use mild language to weaken the Canadian dollar, thereby enhancing Canada’s international competitiveness.
Edited by WorldWay Investment
