(Reuters) - OTTAWA, July 12 - Canadian inflation is likely to
stay above the Bank of Canada's comfort level through this year
and next, but a strong currency will help cool prices, the bank
said two days after it raised interest rates for the first time
in over a year.
In a revision to its April monetary policy report, the bank
said inflation is heating up faster than expected as domestic
demand for goods and services grows faster than the economy's
capacity to produce them.
Read more at Reuters.com Bonds News
stay above the Bank of Canada's comfort level through this year
and next, but a strong currency will help cool prices, the bank
said two days after it raised interest rates for the first time
in over a year.
In a revision to its April monetary policy report, the bank
said inflation is heating up faster than expected as domestic
demand for goods and services grows faster than the economy's
capacity to produce them.
Read more at Reuters.com Bonds News
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