✉news BusinessBanking first seen 5 h ago, last 1 h ago, peak #16
Bank of Canada rate decision hinges on inflation data
Original: News | Will the Bank of Canada follow the Federal Reserve and raise rates? Inflation will decide.
Attention is turning to whether the Bank of Canada will follow the US Federal Reserve in raising interest rates. Analysts say incoming inflation figures will be the deciding factor, as policymakers on both sides of the border weigh further tightening against signs that price growth may be cooling.
Why now: Markets are watching for a Bank of Canada rate move after the Federal Reserve signalled further hikes amid ongoing inflation concerns.
Rank over time, top of the chart is #1. 4 snapshots from 5 h ago to 1 h ago.
Evidence
- News | Will the Bank of Canada follow the Federal Reserve and raise rates? Inflation will decide. · CoStar
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