Bank of Canada minutes flag possible rate hike tied to fuel spillover
Bank of Canada senior policymakers said inflation risks have intensified and a rate hike could be required if higher fuel costs spill over into prices of other goods and services, according to the latest rate-policy minutes.
OTTAWA--Senior Bank of Canada policymakers agreed that inflation risks had intensified and that further rate increases could be needed if evidence shows higher fuel costs are spilling over into prices for other goods and services, according to minutes from the central bank's latest rate-setting meeting.