#threadstorm
The Bank of Canada (BOC) held its overnight policy rate at 5%. A sigh of relief for me but not sure how that will impact the economy going forward. The bank released numbers in the press release. #canada #inflation /1
#threadstorm
The Bank of Canada (BOC) held its overnight policy rate at 5%. A sigh of relief for me but not sure how that will impact the economy going forward. The bank released numbers in the press release. #canada #inflation /1
Thats a step though but it aren't enough. This inflation of a thing should be regulated. There are people that are actually suffering because of this.
ofcourse
Economic growth slowed sharply in the second quarter of 2023, with output contracting by 0.2% at an annualized rate. This reflected a marked weakening in consumption #growth and a decline in housing activity. #canada #inflation /2
The tightness in the labour market has continued to ease gradually. However, wage growth has remained around 4% to 5%. #canada #inflation /3
The bank is still hawkish in the language they came out with but I doubt they will continue to hike the rate going forward. Who knows? #canada #inflation /4
Look at the steady increase in numbers. #inflation #canada