BNN: 'Canadian consumer price inflation shot past expectations in March, jumping to a new three-decade high and cementing expectations the Bank of Canada will continue with aggressive interest rate hikes in coming weeks. Annual inflation rose to 6.7 per cent last month, up from 5.7 per cent in February, Statistics Canada reported Wednesday in Ottawa.
'That’s the highest since January 1991 and exceeds the median estimate of 6.1 per cent in a Bloomberg survey of economists. The report shows inflation pressures that are more elevated than the central bank estimated just last week, reinforcing pressure on policymakers led by Governor Tiff Macklem to withdraw stimulus from an overheating economy. Investors see strong probability of a second half-percentage point increase at its next meeting, after officials delivered a jumbo hike last week.'
Comentarios